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The First Trust Long/Short Equity ETF (Symbol: FTLS) has an implied analyst target price of $81.55, representing a 13.94% upside from its recent trading price of $71.57 per unit. This analysis was conducted by ETF Channel, which compared the underlying holdings’ trading prices against average analyst 12-month forward target prices.
Among FTLS’s notable underlying holdings, MakeMyTrip Ltd. (MMYT) is currently priced at $71.39 with an average target price of $115.57, indicating a potential upside of 61.89%. Similarly, Euronet Worldwide Inc. (EEFT) has a recent price of $74.09 and a target of $112.50, equating to a 51.84% upside, while Root Inc (ROOT) is priced at $80.89 with a target of $120.60, suggesting a 49.09% increase.
Investors are encouraged to evaluate the validity of these targets and whether analysts are justified or overly optimistic based on current market conditions.
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