Looking at the underlying holdings of the First Trust US Equity Opportunities ETF (Symbol: FPX), analysts found that the implied analyst target price for the ETF based upon its underlying holdings is $110.22 per unit, a 24% upside over the next 12 months.

… 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

Josef Schuster, says that the IPO market has suffered along with the rest of the stock market, but it is poised for a rebound because companies must size up the cost of delaying an offering during a market slowdown versus the heightened costs of borrowing money to fund continuing operations. He says the current IPO market reminds him of conditions from roughly 20 years ago after the bursting of the Internet bubble.