FEX's Holdings Imply 24% Gain Potential
ETF Analysis: The First Trust Large Cap Core AlphaDEX Fund ETF (FEX) has an implied analyst target price of $121.62 per unit, indicating a potential upside of 23.90% from its current trading price of $98.16.
Stock Performance Insights: Notable underlying holdings like Celanese Corp, Rivian Automotive Inc, and NVR Inc show significant upside potential based on analysts' target prices, raising questions about the validity and optimism of these targets in light of recent market developments.
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Analyst Views on FEX
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Putting It All Together: FEX May Have a Value of $132
ETF Performance Analysis: The First Trust Large Cap Core AlphaDEX Fund ETF (FEX) has an implied analyst target price of $132.44, indicating a potential upside of 12.62% from its current trading price of $117.60.
Notable Holdings with Upside: Key underlying holdings of FEX, such as Charter Communications (CHTR), Flutter Entertainment (FLUT), and CoStar Group (CSGP), show significant upside potential, with target prices suggesting increases of 54.46%, 40.93%, and 37.41% 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prices are justified or overly optimistic, suggesting that high targets could lead to downgrades if they are based on outdated information.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 Importance: It emphasizes the need for further investor research to assess the validity of analyst targets in light of recent company and industry developments.
Projected Target Price for FEX Analyst: $127
ETF Target Price Analysis: The First Trust Large Cap Core AlphaDEX Fund ETF (FEX) has an implied analyst target price of $127.46, indicating a potential upside of 9.55% from its current trading price of $116.34.
Notable Holdings with Upside: Key underlying holdings such as Freeport-McMoRan Inc (FCX), GoDaddy Inc (GDDY), and Pinterest Inc (PINS) show significant upside potential, with target prices suggesting increases of 37.49%, 36.24%, and 31.35% respectively from their recent trading prices.
