First Trust Small Cap ETF: Analyst Targets Suggest Significant Upside
At ETF Channel, we analyzed the ETF holdings within our coverage to compare trading prices against average analyst 12-month forward target prices. For the First Trust Small Cap Core AlphaDEX Fund ETF (Symbol: FYX), the computed implied analyst target price stands at $121.83 per unit.
Currently, FYX is trading around $90.41 per unit, indicating a potential upside of 34.75% based on the average analyst targets for its underlying holdings. Among these, three companies show notable upside to their respective target prices: Arcellx Inc (Symbol: ACLX), Andersons Inc (Symbol: ANDE), and Remitly Global Inc (Symbol: RELY). Recently, ACLX traded at $72.63/share, while its average analyst target is significantly higher at $115.75/share—reflecting a 59.37% upside. Likewise, ANDE has a potential 50.84% increase from its recent price of $41.44 to an average target of $62.50/share. Similarly, analysts expect RELY to reach a target price of $28.20/share, which is 42.75% above its current trading price of $19.75.
Below is a chart illustrating the twelve-month price history of ACLX, ANDE, and RELY:
Additionally, here is a summary table of the discussed analyst target prices:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| First Trust Small Cap Core AlphaDEX Fund ETF | FYX | $90.41 | $121.83 | 34.75% |
| Arcellx Inc | ACLX | $72.63 | $115.75 | 59.37% |
| Andersons Inc | ANDE | $41.44 | $62.50 | 50.84% |
| Remitly Global Inc | RELY | $19.75 | $28.20 | 42.75% |
This raises the question: are analysts justified in their target estimates, or are they overly optimistic about these stocks’ potential from now to 12 months ahead? Whether analysts have solid grounds for these targets or are lagging behind recent events in the companies and their respective industries is an important factor for investors to consider. High target prices relative to a stock’s trading price can indicate confidence about future performance. However, they could also signal potential downgrades if those targets are outdated. Investors should conduct further research into these concerns.
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Also see:
● AIF YTD Return
● Visa market cap history
● GLPI Price Target
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
