The Math Shows RPV Can Go To $59
August 27, 2020 at 09:12 AM EDT
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco S&P 500— Pure Value ETF (RPV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $58.70 per unit.