The Math Shows XMAG Can Go To $22

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 Defiance Large Cap ex-Mag 7 ETF (XMAG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $22.44 per unit.