ETF Performance Overview: The First Trust Mid Cap Core AlphaDEX Fund ETF (FNX) has an implied analyst target price of $141.88, indicating a potential upside of 14.34% from its current trading price of $124.09.
Notable Holdings with Upside: Key underlying holdings of FNX, such as Urban Outfitters (URBN), Lazard Inc (LAZ), and Rush Enterprises Inc (RUSHA), show significant upside potential, with target prices exceeding their recent trading prices by 25.32%, 20.98%, and 19.43%, respectively.
Analyst Target Justification: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets could lead to downgrades if they are based on outdated information.
Investor Research Recommendation: Investors are encouraged to conduct further research to assess the validity of analysts' targets in light of recent company and industry developments.
Wall Street analysts forecast FNX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FNX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast FNX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FNX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 135.365
Low
Averages
High
Current: 135.365
Low
Averages
High
No data
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.
