FNX ETF Promises Significant Upside According to Analyst Targets
At ETF Channel, we’ve analyzed the holdings of various ETFs in our coverage. This evaluation compares the trading price of each security against the average 12-month forward target prices set by analysts. Specifically, for the First Trust Mid Cap Core AlphaDEX Fund ETF (Symbol: FNX), our findings show that the implied target price stands at $136.07 per unit based on its underlying assets.
Currently, FNX is trading at approximately $111.09 per unit, indicating analysts project a potential upside of 22.49% from the ETF’s current price. Among FNX’s underlying holdings, three stocks show considerable upside relative to their target prices: Abercrombie & Fitch Co (Symbol: ANF), Inspire Medical Systems Inc (Symbol: INSP), and KBR Inc (Symbol: KBR). Recently, ANF traded at $83.39 per share, while analysts suggest a target price of $138.86, reflecting a robust potential increase of 66.52%. Similarly, INSP, with a trading price of $159.56, holds a target of $232.93, implying a 45.98% upside. KBR’s recent price of $53.78 suggests a potential increase of 34.67% to the analyst target of $72.43 per share. Below, we present a chart detailing the price performance of ANF, INSP, and KBR over the last twelve months:
Additionally, here is a summary table listing the current analyst target prices for the discussed companies:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| First Trust Mid Cap Core AlphaDEX Fund ETF | FNX | $111.09 | $136.07 | 22.49% |
| Abercrombie & Fitch Co | ANF | $83.39 | $138.86 | 66.52% |
| Inspire Medical Systems Inc | INSP | $159.56 | $232.93 | 45.98% |
| KBR Inc | KBR | $53.78 | $72.43 | 34.67% |
This raises questions regarding whether analysts are justified in their price targets or if they may be overly optimistic about where these stocks will trade in the next year. Investors should consider whether these targets reflect substantive changes in company and industry conditions or if they are outdated estimates. A high target price compared to the current trading price may suggest optimism but could also signal the risk of downgrades if market conditions shift.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
