PXJ's Underlying Holdings Could Mean 30% Gain Potential
January 27, 2020 at 08:50 AM EST
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 Dynamic Oil & Gas Services ETF (PXJ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $6.15 per unit.