Analysts See Upside for ProShares S&P 500 Dividend ETF

Analysts predict a 10.69% upside for the ProShares S&P 500 Dividend ETF (NOBL), which could lead to positive stock movements. Three key holdings, AOS, CAH, and BEN, show significant potential according to targets.

Date: 14-03-2025

AI Rating: 7

The report discusses analyst target prices for the ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and its underlying holdings. The ETF has an implied target price of $110.63, presenting a significant potential upside of 10.69% from its recent trading price of $99.94. This positive outlook may positively influence market sentiment for NOBL.

NOBL’s underlying holdings also show promising projections. Smith (A O) Corp (AOS) is priced at $65.45, with a target price of $74.56, which is a potential upside of 13.91%. This substantial upside could indicate strong growth expectations for AOS, leading to an optimistic market response if the company performs well.

Cardinal Health, Inc. (CAH) currently trades at $126.27, with an upside to a target price of $142.19, suggesting a 12.61% increase. CAH’s strong target could bolster its stock performance if market conditions remain favorable and the company meets anticipated performance metrics.

Lastly, Franklin Resources Inc (BEN) is trading at $18.92, with an expected target of $21.12, signaling an 11.65% growth margin. BEN's positive outlook is particularly encouraging in a challenging market, indicating investors might see a beneficial scenario.

However, while these targets suggest optimism, they also raise questions about the validity of analysts' predictions. A target significantly higher than the current price can hint at potential market exuberance or may lead to future downgrades if stock performance does not align with forecasts. This dual edge serves as a reminder for investors to conduct thorough research before engaging with these stocks.

Stocks: NOBL AOS CAH BEN