Nasdaq.com: IPOX® 100 U.S. ETF (FPX) has 21% Upside within 12 months
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust US Equity Opportunities ETF (Symbol: FPX), we found that the implied analyst target price for the ETF based upon its underlying holdings is $111.25 per unit.
With FPX trading at a recent price near $92.10 per unit, that means that analysts see 20.79% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FPX's underlying holdings with notable upside to their analyst target prices are Hillenbrand Inc (Symbol: HI), Legend Biotech Corp (Symbol: LEGN), and Duolingo Inc (Symbol: DUOL).
