The Implied Analyst 12-Month Target For FXL
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2024
0mins
Should l Buy ARW?
Source: NASDAQ.COM
ETF Analysis: The First Trust Technology AlphaDEX Fund ETF (FXL) has an implied analyst target price of $169.33 per unit, indicating an 11.18% upside from its current trading price of $152.31. Notable underlying holdings with significant upside include Paycor HCM Inc, Arrow Electronics, and Kyndryl Holdings.
Investor Considerations: Analysts' target prices may reflect optimism or could be outdated based on recent developments; further research is needed to determine the validity of these targets and whether they might lead to downgrades in the future.
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Analyst Views on ARW
Wall Street analysts forecast ARW stock price to fall
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 189.830
Low
94.00
Averages
107.00
High
120.00
Current: 189.830
Low
94.00
Averages
107.00
High
120.00
About ARW
Arrow Electronics, Inc. sources and engineers' technology for thousands of manufacturers, service providers, and users of enterprise computing solutions. Its segments include global components and global ECS. It distributes electronic components to original equipment manufacturers and equipment manufacturers providers through its global components segment and provides enterprise computing solutions to value-added resellers and managed service providers through its global ECS reportable segment. The global ECS portfolio includes datacenter, cloud, security, and analytics solutions. Global ECS further supports customers by enabling their software and cloud solutions businesses through ArrowSphere, a software and cloud marketplace and management platform. It maintains over 140 sales facilities and 39 distribution and value-added centers, serving over 85 countries. It has operations in each of the three electronics markets, including the Americas, the EMEA and the Asia/Pacific regions.
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.
- Earnings Announcement: Arrow Electronics is set to release its Q1 2023 earnings report on May 7, with consensus EPS estimated at $2.85, reflecting a 58.3% year-over-year increase, and revenue expected at $8.33 billion, up 22.3%, indicating strong growth momentum.
- Historical Performance: Over the past two years, Arrow has consistently beaten EPS and revenue estimates 100% of the time, showcasing its financial stability and bolstering investor confidence in the company's future performance.
- Upward Revision Trend: In the last three months, Arrow's EPS and revenue estimates have seen four upward revisions with no downward adjustments, reflecting analysts' optimistic outlook on the company's growth, which could drive stock price appreciation.
- Positive Market Response: With the upcoming earnings report, Arrow Electronics is performing strongly among mid-cap tech stocks, highlighting its competitive edge and investment appeal, potentially attracting more investor interest.
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- Sales Performance Surge: Arrow Electronics reported first-quarter sales of $9.5 billion, a 39% year-over-year increase ($2.7 billion), exceeding expectations and demonstrating strong market performance and sustained customer demand.
- Profitability Enhancement: The non-GAAP EPS reached $5.22, reflecting a substantial 190% year-over-year increase, indicating significant progress in cost control and operational efficiency, which boosts investor confidence.
- Optimistic Market Outlook: Management expects second-quarter sales to range between $9.15 billion and $9.75 billion, with non-GAAP EPS projected between $4.32 and $4.52, reflecting confidence in future growth and sustained strong market demand.
- Supply Chain Services Contribution: Value-added services significantly contributed to overall operating income, accounting for about 30% last year, indicating that strategic investments in supply chain management are yielding positive results and further solidifying the company's market position.
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- Digital Test Drive Launch: Arrow Electronics has introduced Digital Test Drive, a cloud-based remote engineering service designed to help technology developers evaluate hardware faster, reduce costs, and improve productivity, which is expected to significantly enhance customer development efficiency.
- Real-Time Remote Control: Users can instantly connect to a pre-set virtual machine via a secure web link, directly accessing physical development boards in Arrow's engineering labs, allowing real-time control of evaluation kits and viewing test results, thereby accelerating decision-making.
- Streamlined Testing Process: The service eliminates common barriers such as kit availability, shipping delays, and complex setups, helping businesses shorten development cycles and enhance product time-to-market, thereby improving competitive positioning.
- Technical Support and Training: Arrow's technical experts provide online workshops, training, and product demonstrations, ensuring users can fully leverage the capabilities of Digital Test Drive, thus enhancing overall user experience and satisfaction.
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- Platform Integration Upgrade: Arrow Electronics has completed the integration of its global components business customer digital platforms, launching the redesigned arrow.com to provide a unified procurement and engineering experience for existing customers while attracting traditional offline customers to online engagement.
- Comprehensive Functionality: The new platform consolidates product selection, purchasing, services, and account management, replacing the former MyArrow portal, thereby simplifying the search, evaluation, and transaction processes for customers on Arrow's website and enhancing user experience.
- Enhanced Technical Support: The updated arrow.com not only offers a more convenient transaction method but also directly integrates the company's technical design engineering, integration, and supply chain services, ensuring comprehensive support for customers during their usage.
- Future Development Plans: Arrow Electronics plans to introduce new capabilities, user personalization settings, and deeper customer engagement functionalities in the coming months, further enhancing customer satisfaction and driving efficient operations in its global distribution business.
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- Focus Shift: The financial media has recently concentrated on the war in Iran, overshadowing other significant economic statistics.
- Investor Implications: An important statistic from S&P Capital IQ suggests that investors may need to adjust their reactions to earnings reports based on this overlooked data.
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- Stock Option Exercise: On February 23, 2026, Carine Lamercie Jean-Claude exercised 4,078 stock options and immediately sold them for approximately $652,000 at $160 per share, representing 20.70% of her pre-transaction direct holdings, reducing her ownership from 19,704 to 15,626 shares.
- Ownership Change: The transaction was executed entirely through direct ownership, indicating a strategic adjustment in Carine Jean-Claude's direct holdings as they have declined over the past year, reflecting her long-term investment strategy.
- Strong Company Performance: Arrow Electronics reported a revenue of $30.9 billion for 2025, marking a 10% increase year-over-year, with net income rising to $571 million, a significant 46% year-over-year growth, which supports the stock price increase.
- Market Reaction and Investment Advice: Although Arrow's price-to-earnings ratio is around 14, not at its peak or low for the past year, investors should be cautious as the stock is near its 52-week high, suggesting a potential wait for price dips before buying.
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