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Analysts Predict 28.98% Upside for RWJ ETF

Analysts see a significant upside for the Invesco S&P SmallCap 600 Revenue ETF (RWJ) with a target price of $53.77, suggesting potential growth prospects in the market.

Date: 
AI Rating:   7

According to the report, the Invesco S&P SmallCap 600 Revenue ETF (RWJ) has an implied analyst target price of $53.77. Currently, it is trading at $41.69, which indicates a potential upside of 28.98%. This finding is pivotal for investors assessing the ETF's attractiveness in the market.

Moreover, the report highlights three key holdings within RWJ that are expected to drive positive performance: Calix Inc (CALX), Six Flags Entertainment Corporation (FUN), and Omnicell Inc (OMCL). Each of these stocks shows significant upside to their average analyst target prices.

**Calix Inc (CALX)** is currently priced at $29.40/share, but analysts project it could rise to $49.33, reflecting an upside potential of 67.80%. Similarly, **Six Flags Entertainment Corporation (FUN)** stands at $36.02 but has a target of $55.67, indicating an upside of 54.54%. Lastly, **Omnicell Inc (OMCL)**, with its recent price of $35.95, is anticipated to reach a target of $54.71, showcasing a potential increase of 52.19%.

While these target prices present a positive outlook, the report poses important questions about whether analysts are justified in their projections or if they might be out of touch with recent shifts in company and industry dynamics. High target prices can reflect strong optimism but may also hint at possible future downgrades if they do not align with market realities.