Analysts Predict Upside Potential for Invesco ETF and Holdings

Date: 18-10-2024

AI Rating: 7

The report highlights the Invesco International Dividend Achievers ETF (PID) trading at $19.85 per unit, with analysts projecting a target price of $21.79, suggesting a 9.78% upside. Such projections reflect optimism and may positively influence investor sentiment towards PID.

Furthermore, several underlying holdings demonstrate notable upside potential. For instance, Coca-Cola FEMSA (KOF) has a recent trading price of $86.84 with an average target price of $106.91, indicating a potential increase of 23.11%. Similarly, Nutrien Ltd (NTR), currently priced at $48.30, has an expected target price of $59.26, revealing a 22.70% upside. Lastly, PLDT Inc (PHI), trading at $26.14, features a target price of $32.00, marking a 22.42% upside.

Combined, these stocks represent a significant portion (11.16%) of PID’s holdings, suggesting their performance will heavily influence the ETF's outcome. This outlook could encourage investors to buy or hold PID, as positive projections typically lead to increased interest and potentially higher stock prices.

While the high price targets present a bullish sentiment, they also necessitate caution. Such optimism poses a risk for potential future downgrades if the stocks fail to meet expectations or if industry conditions change. Investors should remain vigilant and carry out thorough research to assess the validity of these targets.

Stocks: PID KOF NTR PHI