Implied MOAT Analyst Target Price: $56

“For the Morningstar Wide Moat ETF (Symbol: MOAT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $56.24 per unit” writes Bnk Invest for 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.A high price target relative to a stock’s trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past.Similarly, VEEV has 14.94% upside from the recent share price of $154.00 if the average analyst target price of $177.00/share is reached, and analysts on average are expecting BMY to reach a target price of $57.88/share, which is 14.04% above the recent price of $50.75.Although BIIB has traded at a recent price of $224.00/share, the average analyst target is 19.23% higher at $267.08/share.

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