Analysts Expect 23% Upside for First Trust BuyWrite Income ETF
At ETF Channel, we examined the underlying holdings of various ETFs in our coverage universe. By comparing the trading price of these assets with the average 12-month forward target price set by analysts, we calculated the weighted average implied target price for each ETF. For the First Trust BuyWrite Income ETF, identified by the symbol FTHI, the implied analyst target price is $25.88 per unit.
Currently, FTHI trades around $21.03 per unit, suggesting analysts anticipate a potential upside of 23.06% based on the average target prices of its underlying holdings. Among these holdings, three stand out with significant upside potential: Nebius Group NV (NBIS), Nova Ltd (NVMI), and CVB Financial Corp (CVBF). Recently, NBIS traded at $21.51 per share, but analysts set an average target that is 155.70% higher, at $55.00 per share. Likewise, for NVMI, the average target price of $287.50 implies a 59.92% upside from its current price of $179.78. CVBF also appears promising, with analysts targeting a price of $22.80 per share, a 38.94% increase over its recent price of $16.41. Below is a twelve-month price history chart comparing the stock performance of NBIS, NVMI, and CVBF:
Here is a summary table of the current analyst target prices discussed above:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| First Trust BuyWrite Income ETF | FTHI | $21.03 | $25.88 | 23.06% |
| Nebius Group NV | NBIS | $21.51 | $55.00 | 155.70% |
| Nova Ltd | NVMI | $179.78 | $287.50 | 59.92% |
| CVB Financial Corp | CVBF | $16.41 | $22.80 | 38.94% |
Are these target predictions justified, or do analysts hold overly optimistic views regarding the future pricing of these stocks? In the ever-changing market, it’s essential to assess whether analysts have solid foundations for their targets or if they are lagging behind recent developments in the companies and industries they cover. High target prices can reflect optimism, but they might also precede downgrades if the predictions are outdated. These considerations warrant further research by investors.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
