Fidelity Enhanced Large Cap Core ETF Shows Promising Analyst Upside Potential
In our latest analysis at ETF Channel, we’ve examined the underlying assets of various ETFs in our coverage. By comparing the trading prices of individual holdings with their average 12-month analyst target prices, we calculated the average implied analyst target price for the Fidelity Enhanced Large Cap Core ETF (Symbol: FELC). The findings reveal an implied target price of $37.56 per unit for this ETF.
FELC Trading Below Analyst Expectations
Currently, the Fidelity Enhanced Large Cap Core ETF is trading at around $32.69 per unit. This suggests that analysts predict a potential upside of 14.90% based on their average target prices for the fund’s underlying assets. Notably, three specific holdings within FELC demonstrate significant upside potential: Playtika Holding Corp (Symbol: PLTK), Light & Wonder Inc (Symbol: LNW), and General Mills Inc (Symbol: GIS).
Key Holdings with Upside Potential
Playtika Holding Corp (PLTK) is presently trading at $6.77 per share, yet analysts envision an impressive 46.69% increase, targeting a price of $9.93 per share. Light & Wonder Inc (LNW), priced at $85.25, also shows promise with a potential upside of 28.58%, looking to reach an average target of $109.61. Meanwhile, General Mills Inc (GIS) is valued at $58.50, with analysts projecting a rise of 19.94% to a target price of $70.17.
For a clearer view, the performance of PLTK, LNW, and GIS over the past twelve months is illustrated below:
Analyst Target Price Summary
See the table below for a summary of the current analyst target prices for these stocks:
Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
---|---|---|---|---|
Fidelity Enhanced Large Cap Core ETF | FELC | $32.69 | $37.56 | 14.90% |
Playtika Holding Corp | PLTK | $6.77 | $9.93 | 46.69% |
Light & Wonder Inc | LNW | $85.25 | $109.61 | 28.58% |
General Mills Inc | GIS | $58.50 | $70.17 | 19.94% |
Analyzing the Prospects
This raises an important question: Are these analyst targets realistic, or are they overly ambitious? It’s crucial for investors to consider whether these price targets are grounded in current company performance and industry trends. A high target relative to a stock’s current price can indicate optimism, but it might also suggest that analysts are lagging behind recent developments. Investors should conduct their own research to form a solid understanding of these expectations.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.