Analysts Predict Significant Upside for TDIV ETF and Key Holdings
At ETF Channel, we analyzed the underlying holdings of various ETFs in our coverage universe. By comparing the trading prices of these holdings with their average analyst 12-month forward target prices, we calculated the weighted average implied analyst target price for each ETF. For the First Trust NASDAQ Technology Dividend Index Fund ETF (Symbol: TDIV), our research indicates an implied analyst target price of $92.34 per unit.
Currently, TDIV is trading around $76.14 per unit, suggesting that analysts foresee a potential upside of 21.28% based on the average analyst targets for the underlying holdings. Notably, three of TDIV’s holdings exhibit considerable upside potential: Turkcell Iletisim Hizmetleri AS (Symbol: TKC), Rogers Communications Inc (Symbol: RCI), and Telefonica Brasil SA (Symbol: VIV). TKC, with a recent trading price of $6.42/share, has an average analyst target price of $9.60/share, indicating a possible upside of 49.53%. Meanwhile, RCI’s recent share price of $27.91 reflects a 40.01% upside to the analysts’ average target of $39.08/share. Similarly, VIV has a target price of $10.58/share, which is 22.60% above its recent trading price of $8.63. The comparison of the twelve-month price history for TKC, RCI, and VIV is illustrated below:
Below is a summary table detailing the relevant analyst target prices:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| First Trust NASDAQ Technology Dividend Index Fund ETF | TDIV | $76.14 | $92.34 | 21.28% |
| Turkcell Iletisim Hizmetleri AS | TKC | $6.42 | $9.60 | 49.53% |
| Rogers Communications Inc | RCI | $27.91 | $39.08 | 40.01% |
| Telefonica Brasil SA | VIV | $8.63 | $10.58 | 22.60% |
Investors may wonder if analysts’ target prices are well-founded or overly ambitious regarding these stocks’ potential future performance in the next 12 months. While high price targets can indicate optimism, they might also suggest vulnerabilities if those targets no longer align with current company and industry trends. These considerations warrant thorough research by investors.
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also see:
• Institutional Holders of LYB
• Top Ten Hedge Funds Holding BXDB
• WDR Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
