We Did The Math IWC Can Go To $93

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 iShares Micro-Cap ETF ( IWC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $92.67 per unit.

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With IWC trading at a recent price near $82.24 per unit, that means that analysts see 12.68% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IWC's underlying holdings with notable upside to their analyst target prices are Great Elm Capital Group Inc ( GECXU), Nivalis Therapeutics Inc ( NVLS), and Catabasis Pharmaceuticals Inc ( CATB). Although GECXU has traded at a recent price of $3.95/share, the average analyst target is 1216.46% higher at $52.00/share. Similarly, NVLS has 994.47% upside from the recent share price of $2.17 if the average analyst target price of $23.75/share is reached, and analysts on average are expecting CATB to reach a target price of $22.67/share, which is 534.90% above the recent price of $3.57. Below is a twelve month price history chart comparing the stock performance of GECXU, NVLS, and CATB:

GECXU, NVLS, and CATB Relative Performance Chart

Below is a summary table of the current analyst target prices discussed above:

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