Analysts Predict Upside for iShares Morningstar Mid-Cap ETF

Analysts project considerable upside for the iShares Morningstar Mid-Cap ETF (IMCB), suggesting a 19.77% increase from its current price. The report emphasizes the positive outlook on holdings like Reddit Inc (RDDT), Illumina Inc (ILMN), and nVent Electric PLC (NVT).

Date: 24-03-2025

AI Rating: 7

Implied Analyst Target Prices
In the review of the iShares Morningstar Mid-Cap ETF (IMCB), the report reveals an implied analyst target price of $88.94 based on its underlying holdings. Currently trading at $74.26, there is a projected upside of 19.77% for the ETF, indicating optimistic sentiment among analysts.

Three underlying stocks were highlighted for their notable upside potential, which contributes to the ETF's overall outlook:

Reddit Inc (RDDT): Currently priced at $115.70, analysts have set a target price of $194.15, indicating a significant upside of 67.80%.
Illumina Inc (ILMN): With a current price of $87.66, the target price stands at $133.67, suggesting a 52.48% growth potential.
nVent Electric PLC (NVT): Trading at $57.13, NVT has an average target price of $85.12, representing a 49.00% upside.

The report raises the question of whether analyst targets are justified or overly optimistic. Given the substantial upside potential indicated, it is crucial for investors to conduct further research, as such optimistic predictions may lead to potential target price downgrades if not backed by robust fundamentals.

Stocks: IMCB RDDT ILMN NVT