Analyst Upside Predictions for XMMO and Its Holdings

A recent report highlights the significant upside potential for the Invesco S&P MidCap Momentum ETF (XMMO) and its underlying holdings. Analysts predict notable increases in stock prices for companies like Jones Lang LaSalle (JLL), Fluor Corp. (FLR), and BWX Technologies (BWXT), sparking investor interest.

Date: 20-12-2024

AI Rating: 7

The report indicates that the Invesco S&P MidCap Momentum ETF (XMMO) trades at $123.63, while analysts have a weighted average target price of $141.28, suggesting a 14.28% upside for the ETF based on its holdings. This positive outlook could encourage investor confidence in XMMO.

Looking at the underlying holdings, Jones Lang LaSalle Inc (JLL) has a recent trading price of $246.93, with an average analyst target of $306.50, representing a considerable 24.12% upside. Fluor Corp. (FLR), trading at $50.08, is expected to rise 18.81% towards the target of $59.50. Lastly, BWX Technologies Inc (BWXT), which trades at $112.96, is estimated to see 14.86% upside to the target of $129.75.

These high target price expectations suggest that analysts are optimistic about the future performance of these stocks. However, there is a need for caution; price targets based on previous company performance may not justify the current market conditions or potential risks ahead. Investors must conduct thorough research to discern whether analysts' targets are grounded in reality or overly optimistic.

Stocks: XMMO JLL FLR BWXT