QQEW's Underlying Holdings Imply 11% Gain Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 16 2024
0mins
Source: NASDAQ.COM
- Analyst Target Price Comparison: ETFs' implied analyst target prices compared to current trading prices.
- Notable Upside Holdings: Three holdings in First Trust NASDAQ-100 Equal Weighted Index Fund ETF (QQEW) with significant upside potential: Walgreens Boots Alliance Inc, Dollar Tree Inc, and CrowdStrike Holdings Inc.
- Analyst Target Prices: Analyst targets for the mentioned holdings: WBA $22.86/share, DLTR $149.14/share, CRWD $389.85/share.
- Analyzing Analyst Targets: Discussion on whether analysts' targets are justified or overly optimistic, highlighting the need for further investor research.
- Additional Information: Mention of other topics like top stocks held by Jim Simons and institutional holders of GLAQ.
Analyst Views on DLTR
Wall Street analysts forecast DLTR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DLTR is 126.00 USD with a low forecast of 75.00 USD and a high forecast of 150.00 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.
17 Analyst Rating
8 Buy
6 Hold
3 Sell
Moderate Buy
Current: 126.790
Low
75.00
Averages
126.00
High
150.00
Current: 126.790
Low
75.00
Averages
126.00
High
150.00
About DLTR
Dollar Tree, Inc. is an operator of retail discount stores operating under the brand names of Dollar Tree and Dollar Tree Canada. The Company operates approximately 9,000 stores and 18 distribution centers across 48 contiguous states and five Canadian provinces. The Dollar Tree segment operates a discount variety of stores offering merchandise at the opening price point. The Dollar Tree segment includes its operations under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada. Its Dollar Tree Canada stores carry a range of products such as kitchen and dining, cleaning supplies, food and beverages, health and beauty, toys, party supplies, stationery, craft supplies, seasonal decor, and others. It also offers customers same-day local delivery. The Company also offers Dollar Tree Gift Cards and can be purchased in stores and online and redeemed in any one of its store locations.
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.
