Strong Upside Potential for Fidelity MSCI Consumer Discretionary ETF
In an analysis of ETFs covered by ETF Channel, we examined the trading prices of underlying holdings compared to the average analyst 12-month forward target price. For the Fidelity MSCI Consumer Discretionary Index ETF (Symbol: FDIS), the weighted average implied analyst target price is $106.36 per unit.
Currently trading around $78.26, FDIS presents a potential upside of 35.91%, according to analysts. Several underlying holdings of FDIS show significant growth potential based on these target prices. Notably, RH (Symbol: RH) is rated with a target price that is 154.42% above its recent trading price of $145.66, reaching an average target of $370.59. Likewise, VF Corp. (Symbol: VFC) has an expected upside of 116.26%. Its current price of $11.56 trails the analyst target of $25.00. Finally, analysts anticipate Peloton Interactive Inc. (Symbol: PTON) will rise to a target price of $10.40 per share, reflecting a potential increase of 106.80% from its recent price of $5.03.
Below is a chart illustrating the twelve-month price history for RH, VFC, and PTON:
The following summary table presents current analyst target prices:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Fidelity MSCI Consumer Discretionary Index ETF | FDIS | $78.26 | $106.36 | 35.91% |
| RH | RH | $145.66 | $370.59 | 154.42% |
| VF Corp. | VFC | $11.56 | $25.00 | 116.26% |
| Peloton Interactive Inc | PTON | $5.03 | $10.40 | 106.80% |
These analyst targets prompt inquiry: Are they overly optimistic? Investors must consider whether the projections are justified based on recent business and industry developments. A high target compared to a stock’s trading price often conveys optimism but can lead to downgrades if those targets do not align with the market’s trajectory. Further research is necessary for investors to navigate these complexities.
10 ETFs With Most Upside To Analyst Targets »
Also See:
• JVA Average Annual Return
• Institutional Holders of TLS
• Funds Holding ZIGO
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
