Analysts See 13% Gains Ahead For The Holdings of IWB

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 iShares Russell 1000 ETF (Symbol: IWB), we found that the implied analyst target price for the ETF based upon its underlying holdings is $279.77 per unit.

With IWB trading at a recent price near $247.22 per unit, that means that analysts see 13.17% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IWB's underlying holdings with notable upside to their analyst target prices are Eastman Chemical Co (Symbol: EMN), Elanco Animal Health Inc (Symbol: ELAN), and Carnival Corp (Symbol: CCL). Although EMN has traded at a recent price of $81.86/share, the average analyst target is 16.43% higher at $95.31/share. Similarly, ELAN has 15.37% upside from the recent share price of $12.08 if the average analyst target price of $13.94/share is reached, and analysts on average are expecting CCL to reach a target price of $17.61/share, which is 14.55% above the recent price of $15.37. Below is a twelve month price history chart comparing the stock performance of EMN, ELAN, and CCL: