Analyst Target Prices Indicate Strong Upside for Fidelity ETF
At ETF Channel, we have analyzed the ETFs within our coverage to assess their underlying holdings. By comparing the trading price of each holding against the average analyst 12-month forward target price, we calculated a weighted average implied analyst target price for the Fidelity Low Volatility Factor ETF (Symbol: FDLO). Our findings show that the implied analyst target price for FDLO is $69.25 per unit.
Currently, FDLO is trading at about $55.89 per unit, indicating a potential upside of 23.91% based on the analyst targets for the underlying holdings. Significant upside potential exists in some of FDLO’s key holdings, namely Packaging Corp of America (Symbol: PKG), Cisco Systems Inc (Symbol: CSCO), and L3Harris Technologies Inc (Symbol: LHX). Despite PKG’s recent trading price of $183.42 per share, analysts predict it could rise to an average target price of $244.12, reflecting an upside of 33.10%. For CSCO, the recent share price is $54.54, with analysts expecting a rise to $72.17, indicating a 32.32% upside. Lastly, LHX, currently trading at $202.06, has an estimated target price of $259.45, representing an upside of 28.40%. Below is the twelve-month price history chart comparing the stock performance of PKG, CSCO, and LHX:
The following table summarizes the current analyst target prices discussed above:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Fidelity Low Volatility Factor ETF | FDLO | $55.89 | $69.25 | 23.91% |
| Packaging Corp of America | PKG | $183.42 | $244.12 | 33.10% |
| Cisco Systems Inc | CSCO | $54.54 | $72.17 | 32.32% |
| L3Harris Technologies Inc | LHX | $202.06 | $259.45 | 28.40% |
These targets prompt a critical question: Are analysts justified in their projections, or are they being overly optimistic about these stocks’ future prices? The accuracy of these targets is vital and depends on various factors, including recent company performance and market developments. High targets often indicate optimism about future growth, but they can also lead to downgrades if the underlying analysis does not align with market conditions. These questions necessitate further research from investors.
10 ETFs With Most Upside To Analyst Targets »
Also see:
• LHX Next Dividend Date
• QIWI market cap history
• WLL YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
