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Analyst Price Targets Signal Upside for SLYV and Holdings

Analysts forecast significant upside for the SPDR S&P 600 ETF. With a target price of $102.81, currently priced at $79.56, there’s potential for 29.22% growth. Companies like CABO, MLKN, and THRY show even higher upside, hinting at investor optimism.

Date: 
AI Rating:   7

Analyst Price Targets Indicate Potential Growth

The report highlights the SPDR S&P 600 Small Cap Value ETF (SLYV), which currently trades at $79.56, significantly below the analyst target price of $102.81. This suggests a 29.22% upside for the ETF, indicating analyst confidence in its potential for growth over the next year.

Notably, three of SLYV's underlying holdings exhibit even more impressive upside potential. Cable One Inc (CABO), priced at $256.05, has an average analyst target of $458.83, yielding an upside of 79.20%. Similarly, MillerKnoll Inc (MLKN), with a recent price of $18.49, has a target of $33.00, representing a 78.47% upside. Thryv Holdings Inc (THRY) shows a potential target of $25.75 against its current price of $15.12, translating to a 70.30% upside. This demonstrates a strong optimism from analysts regarding these stocks, which could positively influence their prices if those targets are deemed achievable.

However, the report cautions that high price targets could also indicate an overestimation of growth potential, leading to possible downgrades if the future performance does not align with the analysts’ expectations. Investors should take these factors into consideration while deciding on their investment strategies and conduct further research into the fundamentals of these companies.