JPMorgan BetaBuilders US Mid Cap Equity ETF: Analysts See 13.39% Upside to $119 Target

The JPMorgan BetaBuilders US Mid Cap Equity ETF (BBMC) has an implied analyst target price of $119.00, which represents a 13.39% upside from its recent trading price of $104.95. Analysts see significant upside potential for three underlying holdings: Aurora Innovation Inc (AUR) with a 101.28% target price increase, Interparfums Inc (IPAR) with a 71.84% target price increase, and QXO Inc (QXO) with a 69.92% target price increase.

The JPMorgan BetaBuilders US Mid Cap Equity ETF (BBMC) has garnered attention from analysts, who project a substantial upside potential for the fund. The ETF, launched on April 14, 2020, seeks to match the performance of the Morningstar US Mid Cap Target Market Exposure Extended Index before fees and expenses. With an implied analyst target price of $119.00, this represents a 13.39% increase from its recent trading price of $104.95.

The ETF, which has amassed assets over $1.90 billion, is particularly noted for its exposure to the mid-cap blend segment of the US equity market. This segment, characterized by market capitalization between $2 billion and $10 billion, typically offers a balance of stability and growth potential. The fund's annual operating expenses are relatively low at 0.07%, making it one of the cheaper products in the space.

Analysts see significant upside potential in three key holdings within the ETF. Aurora Innovation Inc (AUR) is projected to increase by 101.28%, Interparfums Inc (IPAR) by 71.84%, and QXO Inc (QXO) by 69.92%. Aurora Innovation, a midcap tech stock, develops autonomous driving systems for long-haul trucking and freight logistics. Interparfums, a leading designer and marketer of fragrances and cosmetics, has been performing well in the consumer discretionary sector. QXO Inc, a provider of semiconductor solutions, is also expected to benefit from ongoing technological advancements.

The ETF's sector exposure is heavily weighted towards Industrials (21.4%), followed by Financials and Information Technology. The top holdings include Jpmorgan Us Govt Mmkt Fun, Reddit Inc Common Stock, and Astera Labs Inc Common. The fund's 12-month trailing dividend yield is 1.35%, providing an additional source of income for investors.

While BBMC has performed well so far this year, gaining about 6.43%, it is essential to consider the overall market conditions and the specific risks associated with mid-cap stocks. The ETF's beta of 1.12 and standard deviation of 19.28% over the trailing three-year period indicate moderate volatility.

Investors should consider the broader market outlook and their risk tolerance when evaluating BBMC. The ETF's low expense ratio and diversified holdings make it an attractive option for those seeking exposure to the mid-cap blend segment. However, it is crucial to stay informed about the latest developments and maintain a balanced portfolio.