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SPMD Offers Analysts 16.62% Upside According to Targets

SPMD reveals promising investor outlook with a potential 16.62% upside. Analyst targets suggest significant growth opportunities for related stocks CPRI, EGP, and MSA, setting a positive tone for investor sentiment.

Date: 
AI Rating:   7

ETF Performance Overview
Recent analysis indicates that the SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has an implied analyst target price of $64.27, compared to its current trading price of $55.11. This suggests a substantial potential upside of 16.62% for investors over the next twelve months.

Individual Stocks Analysis
The report highlights three underlying holdings of SPMD—Capri Holdings Ltd (CPRI), EastGroup Properties Inc (EGP), and MSA Safety Inc (MSA)—which also display significant upside potential based on their respective analyst target prices:

  • Capri Holdings Ltd (CPRI)
    Current Price: $21.51, Target Price: $27.50 (+27.85% upside)
  • EastGroup Properties Inc (EGP)
    Current Price: $158.71, Target Price: $195.89 (+23.43% upside)
  • MSA Safety Inc (MSA)
    Current Price: $160.83, Target Price: $197.50 (+22.80% upside)

The upside percentages indicate positive market sentiment from analysts towards these stocks, suggesting room for growth in the coming months.

Considerations for Investors
While the potential upsides are noteworthy, the report raises questions about whether analysts' targets are justified or overly optimistic. High price targets may reflect optimism but could lead to downgrades if expectations are not met. Investors are encouraged to conduct further research into company and industry developments to validate these targets.