Add Up The Parts: FEX Could Be Worth $108
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2024
0mins
Source: NASDAQ.COM
ETF Analyst Target Price Comparison:
- ETF Channel compared trading prices of holdings against analyst target prices for First Trust Large Cap Core AlphaDEX Fund ETF (FEX).
- Implied analyst target price for FEX is $107.64 per unit, indicating 11.16% upside from the recent price of $96.83 per unit.
Underlying Holdings Analysis:
- Three holdings with notable upside to analyst targets are Marvell Technology Inc (MRVL), Freeport-McMoRan Inc (FCX), and Revvity Inc (RVTY).
- MRVL has a 23.83% higher target price than its recent share price.
- FCX has a 12.57% upside potential based on the average analyst target price.
- RVTY is expected to reach a target price 11.48% above its recent price.
Analyst Target Price Discussion:
- Questions raised about analysts' justification for targets and whether they reflect future optimism or lag behind recent developments.
- High price targets relative to current stock prices can indicate optimism but may lead to downgrades if outdated.
Investor Considerations:
- Investors advised to conduct further research on the validity of analyst targets and stay informed about company and industry developments.
Disclaimer:
- Views expressed in the article are those of the author and not necessarily reflective of Nasdaq, Inc.
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Analyst Views on FCX
Wall Street analysts forecast FCX stock price to fall
15 Analyst Rating
13 Buy
2 Hold
0 Sell
Strong Buy
Current: 70.150
Low
46.00
Averages
58.79
High
70.00
Current: 70.150
Low
46.00
Averages
58.79
High
70.00
About FCX
Freeport-McMoRan Inc. is a metals company. The Company operates assets with reserves of copper, gold and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, which is a copper and gold deposit; and operations in the United States, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America. Its segments include Cerro Verde copper mine, Indonesia operations and United States Rod & Refining operations. It produces copper concentrate, cathode and continuous cast copper rod. Its copper ore from mines is processed by smelting and refining or by solution extraction and electrowinning (SX/EW). It produces copper cathodes at an electrolytic refinery located in El Paso, Texas. The SX/EW cathode is produced from the Morenci, Bagdad, Safford, Sierrita, Miami, Chino and Tyrone mines in the United States, and from the Cerro Verde and El Abra mines in South America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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