HomeMost PopularAnalysts Predict a 15% Upsurge for FELC in the Coming Months

Analysts Predict a 15% Upsurge for FELC in the Coming Months

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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:

PLTK, LNW, and GIS Relative Performance Chart

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.

nslideshow 10 ETFs With Most Upside To Analyst Targets »

Also see:

• Top Ten Hedge Funds Holding CSRE
• DOV shares outstanding history
• LXP Stock Predictions

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.

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