Analyst Target Price Analysis for Fidelity Small-Mid ETF and Key Holdings
At ETF Channel, we assessed the underlying holdings of various ETFs in our coverage. We compared the current trading price of each holding with the average 12-month forward analyst target price to calculate the weighted average implied target price for each ETF. For the Fidelity Small-Mid Multifactor ETF (Symbol: FSMD), the analysis shows an implied target price of $48.65 per unit based on its underlying assets.
Currently, FSMD is trading at approximately $34.67 per unit. This indicates that analysts predict a potential upside of 40.31% for this ETF, based on the average targets of its underlying holdings. Among the ETF’s holdings, three in particular stand out for their significant upside potential: Cactus Inc (Symbol: WHD), Sylvamo Corp (Symbol: SLVM), and Teradata Corp (Symbol: TDC). WHD, with a recent trading price of $34.97 per share, has an average analyst target price of $56.57, suggesting a potential increase of 61.77%. Similarly, SLVM’s recent price of $55.92 implies a substantial 58.56% upside to an average target of $88.67. For TDC, analysts anticipate a price of $30.50, or a 57.87% increase from its recent price of $19.32. Below is a twelve-month price history chart for WHD, SLVM, and TDC:
Below is a summary table of the current analyst target prices for the discussed securities:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Fidelity Small-Mid Multifactor ETF | FSMD | $34.67 | $48.65 | 40.31% |
| Cactus Inc | WHD | $34.97 | $56.57 | 61.77% |
| Sylvamo Corp | SLVM | $55.92 | $88.67 | 58.56% |
| Teradata Corp | TDC | $19.32 | $30.50 | 57.87% |
Are analysts justified in their targets, or are they overly optimistic about where these stocks will trade in the next year? It is crucial to consider whether analysts have a solid rationale for their projections or if they are lagging behind recent company and industry changes. A high target price compared to a stock’s current trading price can signal confidence in future performance. However, it may also hint at potential target price downgrades if those targets fail to reflect current realities. These inquiries necessitate further research by investors.
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See also:
Monthly Dividend Paying REITs
Top Ten Hedge Funds Holding MAX
Institutional Holders of WRT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
