Fidelity MSCI Communication Services ETF Projects 29.80% Upside
At ETF Channel, we analyzed the underlying holdings of various ETFs, particularly focusing on the Fidelity MSCI Communication Services Index ETF (Symbol: FCOM). By comparing the trading prices of each holding against the average analyst 12-month forward target price, we calculated the weighted average implied target price for the ETF, which stands at $69.56 per unit.
Currently, FCOM is trading around $53.59 per unit. This indicates that analysts foresee a potential upside of 29.80% based on the average target prices of the ETF’s underlying assets. Notably, three of FCOM’s underlying holdings show significant upside potential: Lions Gate Entertainment Corp (Symbol: LGF.B), ATLANTA BRAVES HOLDINGS IN A COMMON Stock USD.01 (Symbol: BATRA), and Atlanta Braves Holdings Inc (Symbol: BATRK).
For instance, LGF.B is priced at approximately $7.10 per share, yet the average analyst target is significantly higher at $10.00, suggesting a projected upside of 40.85%. Similarly, BATRA has a recent price of $42.10 but is expected to reach an average target of $59.00, representing a 40.14% upside. Moreover, BATRK is currently valued at $38.09, with analysts predicting a rise to $51.67, indicating a potential increase of 35.64%. Below is a twelve-month price history chart comparing the stock performance of LGF.B, BATRA, and BATRK:
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 |
|---|---|---|---|---|
| Fidelity MSCI Communication Services Index ETF | FCOM | $53.59 | $69.56 | 29.80% |
| Lions Gate Entertainment Corp | LGF.B | $7.10 | $10.00 | 40.85% |
| ATLANTA BRAVES HOLDINGS IN A COMMON Stock USD.01 | BATRA | $42.10 | $59.00 | 40.14% |
| Atlanta Braves Holdings Inc | BATRK | $38.09 | $51.67 | 35.64% |
These targets raise questions about analysts’ valuations. Are they overly optimistic about these stocks’ prospects in the next 12 months? Investors should consider whether analysts’ targets are well justified or based on outdated assumptions. A lofty price target relative to a stock’s current price may indicate bullish sentiment but could also precede necessary target price reductions if market conditions shift.
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also see:
• GSEV YTD Return
• Intuit MACD
• SWY Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
