The First Trust Long/Short Equity ETF (FTLS) has an implied analyst target price of $83.24 per unit, indicating a potential upside of 16.68% from its current trading price of $71.34. Analysts base this target on the performance of its underlying holdings.
Key underlying stocks showing significant upside include monday.com Ltd (MNDY), with a recent price of $104.80 and an analyst target of $213.09 (103.33% upside); Roblox Corp (RBLX), trading at $63.07 with a target of $122.44 (94.14% upside); and Samsara Inc (IOT), currently at $25.10 with a target of $47.70 (90.06% upside).
Investors are encouraged to assess whether analyst targets for these stocks are justified based on recent developments in the companies and their industries.
