Analysts See Growth Potential for First Trust Morningstar ETF
In our latest analysis at ETF Channel, we evaluated the underlying holdings in various ETFs to determine their potential for growth. For the First Trust Morningstar Dividend Leaders Index Fund ETF (Symbol: FDL), the implied analyst target price, based on its holdings, stands at $46.87 per unit.
At its latest price of approximately $42.52 per unit, FDL shows a potential upside of 10.22% according to analyst expectations for its underlying assets. Three of the notable stocks contributing to this optimism include First Interstate BancSystem Inc (Symbol: FIBK), Cathay General Bancorp (Symbol: CATY), and Artisan Partners Asset Management Inc (Symbol: APAM). Currently, FIBK is trading at $28.27 per share, while analysts have set an average target price of $35.50, indicating a 25.55% upside. Similarly, CATY has a target price of $52.50, reflecting a potential increase of 23.46% from its recent price of $42.52. APAM is also expected to rise, with a target of $45.12, which is 16.81% above its current price of $38.63. Below, we include a twelve-month price history chart illustrating the performance of FIBK, CATY, and APAM:
Below is a summary table of current analyst target prices:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fund ETF | FDL | $42.52 | $46.87 | 10.22% |
| First Interstate BancSystem Inc | FIBK | $28.27 | $35.50 | 25.55% |
| Cathay General Bancorp | CATY | $42.52 | $52.50 | 23.46% |
| Artisan Partners Asset Management Inc | APAM | $38.63 | $45.12 | 16.81% |
Investors may wonder if analysts are right about these target prices or if they might be overly optimistic. Likewise, it’s important to consider whether analysts are aware of the latest company and industry developments. While high price targets can indicate future growth, they may also lead to downgrades if market conditions change. Investors should conduct further research to analyze these trends more deeply.
10 ETFs With Most Upside To Analyst Targets »
also see:
• ETFs Holding WIX
• Funds Holding PACA
• GRPH Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
