Analysts See Upward Potential for SmallCap ETF and Holdings

Analysts are optimistic about the Invesco S&P SmallCap Momentum ETF (XSMO), suggesting an 11.92% upside potential from its current trading price. Notable underlyings include Veeco Instruments Inc (VECO) and Tanger Inc (SKT) with significant upside to target prices.

Date: 16-01-2025

AI Rating: 7

Price Analysis of XSMO and Its Holdings
The Invesco S&P SmallCap Momentum ETF (XSMO) is currently trading at $67.96, with analysts projecting a 12-month target price of $76.06, indicating an upside potential of 11.92%. This optimistic forecast could reflect analyst confidence in the ETF's underlying holdings.

Holdings Performance
The underlying holdings of XSMO have significant upside potential according to analysts. Veeco Instruments Inc (VECO) has a current trading price of $26.78, with a target price of $37.86—indicating a remarkable upside of 41.36%. This could positively impact XSMO as VECO is a substantial component of the ETF. Similarly, Tanger Inc (SKT) trades at $32.95 with a forecast target of $37.12, reflecting a 12.67% upside. Furthermore, ePlus Inc (PLUS), priced at $79.44, shows a target price of $89.50, which suggests a potential increase of 12.66% from its current value.

While the analysts' high target prices may indicate strong potential, there is a concern regarding whether these targets are justified or overly optimistic. If market conditions change or if there are setbacks in the underlying companies' performance, the analysts might have to downgrade these targets, which can negatively impact investor sentiment and stock prices.

Stocks: XSMO VECO SKT PLUS