Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the PowerShares NASDAQ Internet Portfolio ETF ( PNQI), we found that the implied analyst target price for the ETF based upon its underlying holdings is $96.73 per unit.With PNQI trading at a recent price near $85.79 per unit, that means that analysts see 12.75% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of PNQI's underlying holdings with notable upside to their analyst target prices are Bazaarvoice Inc. ( BV), Momo Inc ( MOMO), and Boingo Wireless Inc ( WIFI). Although BV has traded at a recent price of $4.90/share, the average analyst target is 42.86% higher at $7.00/share. Similarly, MOMO has 28.07% upside from the recent share price of $23.82 if the average analyst target price of $30.50/share is reached, and analysts on average are expecting WIFI to reach a target price of $11.65/share, which is 21.61% above the recent price of $9.58. Below is a twelve month price history chart comparing the stock performance of BV, MOMO, and WIFI: Below is a summary table of the current analyst target prices discussed above:
|Name||Symbol||Recent Price||Avg. Analyst 12-Mo. Target||% Upside to Target|
|PowerShares NASDAQ Internet Portfolio ETF||PNQI||$85.79||$96.73||12.75%|
|Boingo Wireless Inc||WIFI||$9.58||$11.65||21.61%|
The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
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