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The First Trust Nasdaq BuyWrite Income ETF (FTQI) currently trades at $20.73 per unit, showing a potential upside of 9.84% towards an implied analyst target price of $22.77. This estimate is based on the ETF’s underlying holdings.
Among FTQI’s holdings, TotalEnergies SE (TTE) is valued at $57.59 with a target price of $70.62, indicating a 22.63% upside. MPLX LP (MPLX) is trading at $48.64, with a target of $57.25 (17.70% upside), while PDD Holdings Inc (PDD) sits at $127.55 with a target price of $145.25, representing a 13.88% upside.
Analysts’ projections for these stocks raise questions about whether the targets are justified based on current market dynamics.
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