Analysts Predict JHMM ETF to Reach $69: 9.73% Upside Anticipated

Analysts anticipate the John Hancock Multifactor Mid Cap ETF (JHMM) to reach $69, a 9.73% upside from its recent price of $62.91. The ETF's underlying holdings, including Corebridge Financial Inc, Take-Two Interactive Software, and Air Lease Corp, also have notable upside to their analyst target prices, ranging from 11.14% to 13.67%. Analysts' optimism about the future may reflect a valid justification for their targets, but further research is needed to confirm their accuracy.

Analysts are forecasting a significant rise for the John Hancock Multifactor Mid Cap ETF (JHMM), with an implied target price of $69.03 per unit. This represents a 9.73% upside from its recent trading price of $62.91, as reported by ETF Channel [2].

The optimism is driven by the ETF's underlying holdings, which include Corebridge Financial Inc, Take-Two Interactive Software, and Air Lease Corp. Analysts have set notable price targets for these companies, with Corebridge Financial Inc expected to reach $40.78 per share (a 13.67% increase from its recent price of $35.88), Take-Two Interactive Software Inc. anticipated to reach $251.69 per share (an 11.32% increase from its recent price of $226.10), and Air Lease Corp projected to reach $63.71 per share (an 11.14% increase from its recent price of $57.33) [2].

Corebridge Financial Inc has recently hit an all-time high of $36.09, reflecting a strong performance over the past year. The company's stock price has increased by 21.78%, and its market capitalization has grown to $19.7 billion [3]. This robust financial health has led analysts to raise their price targets for Corebridge Financial Inc, with estimates ranging from $37 to $45 per share.

While analysts' targets may reflect a valid justification for their optimism, further research is needed to confirm their accuracy. A high price target relative to a stock's trading price can reflect optimism about the future, but it can also be a precursor to target price downgrades if the targets were a relic of the past. Investors should carefully consider the underlying fundamentals and recent developments of the companies involved before making investment decisions.

References:
[1] https://www.nasdaq.com/articles/analysts-anticipate-jhmm-will-reach-69
[2] https://www.investing.com/news/company-news/corebridge-financial-stock-hits-alltime-high-at-3609-usd-93CH-4157671