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Surprising Analyst 12-Month Target For FYX

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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Small Cap Core AlphaDEX Fund ETF (Symbol: FYX), we found that the implied analyst target price for the ETF based upon its underlying holdings is $53.22 per unit.

With FYX trading at a recent price near $46.93 per unit, that means that analysts see 13.41% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FYX's underlying holdings with...


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