Analyst Target Prices Indicate Upside Potential for FTHI ETF
In our analysis of ETFs within ETF Channel’s coverage universe, we compared the trading prices of individual holdings against average analyst 12-month forward target prices. We calculated the weighted average implied analyst target price for the First Trust BuyWrite Income ETF (Symbol: FTHI), which stands at $26.33 per unit.
Currently, FTHI is trading at approximately $22.36 per unit, suggesting analysts foresee a potential upside of 17.75% based on the average targets of its underlying holdings. Notably, three underlying holdings, Nebius Group NV (Symbol: NBIS), Celestica Inc (Symbol: CLS), and Stellantis NV (Symbol: STLA), exhibit significant upside potential compared to their analyst target prices. For instance, while NBIS is currently priced at $26.80 per share, its average analyst target is $55.00 per share, indicating a remarkable 105.22% upside. Similarly, CLS is expected to reach $140.56 per share—a potential increase of 72.21% from its recent price of $81.62. Analysts predict STLA will rise to $17.73 per share, representing a 39.04% increase over its current price of $12.75. Below is a twelve-month price history chart showcasing the performance of NBIS, CLS, and STLA:
For quick reference, here is a summary table of the current analyst target prices mentioned earlier:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| First Trust BuyWrite Income ETF | FTHI | $22.36 | $26.33 | 17.75% |
| Nebius Group NV | NBIS | $26.80 | $55.00 | 105.22% |
| Celestica Inc | CLS | $81.62 | $140.56 | 72.21% |
| Stellantis NV | STLA | $12.75 | $17.73 | 39.04% |
Investors may wonder whether analysts are justified in their targets or if they are overly optimistic about these stocks’ performance over the next year. It’s vital to assess whether the analysts provide valid justifications for their targets or if they are lagging behind recent company and industry changes. A high target price in relation to a stock’s trading price can signal future optimism but may also lead to price target downgrades if analysts are relying on outdated information. These considerations warrant further research by investors.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
