Analysts See 12.06% Upside for Global X MSCI Argentina ETF

Market Watch: Analysts project a 12.06% upside for Global X MSCI Argentina ETF (ARGT), currently priced at $85.47, with targets from notable holdings indicating strong upside potential.

Date: 14-02-2025

AI Rating: 7

Analyst Targets and Upside Potential

The report indicates a significant potential for the Global X MSCI Argentina ETF (Symbol: ARGT), with a 12.06% upside predicted based on its implied analyst target price of $95.78 compared to its recent trading price of $85.47 per unit. This suggests analyst confidence in the performance of this ETF.

Moreover, the underlying holdings of the ETF—Grupo Financiero Galicia SA (Symbol: GGAL), Grupo Supervielle SA (Symbol: SUPV), and Banco Macro SA (Symbol: BMA)—also reflect positive growth forecasts. Specifically, GGAL is expected to rise from $59.04/share to a target of $70.00/share, which translates to an upside of 18.56%. Similarly, SUPV shows a potential increase to $16.33/share from its recent price of $14.53, reflecting a 12.41% upside. Banco Macro SA is forecasted to increase 12.09% from $92.19 to $103.33/share.

Combined, these three stocks make up 14.81% of the ETF, indicating that their individual performances will heavily impact the overall performance of ARGT. The implied target prices show considerable optimism from analysts, which may attract more investors to ARGT.

Investor Considerations

While the price targets suggest a bullish outlook, investors must consider whether these targets are justified given current market conditions. Consequently, there’s a component of risk if these projections are not met, as market conditions can change rapidly, leading to price revisions. Investors are encouraged to conduct additional research to determine the robustness of these projections. The upside potential highlighted in the report indicates a strong interest from analysts, which may, in turn, lead to increased trading activity in ARGT and its holdings.

Stocks: ARGT GGAL SUPV BMA