Trying on the underlying holdings of the ETFs in our protection universe at ETF Channel, we have now in contrast the buying and selling worth of every holding towards the typical analyst 12-month ahead goal worth, and computed the weighted common implied analyst goal worth for the ETF itself. For the First Belief NASDAQ-100-Know-how Sector Index Fund ETF (Image: QTEC), we discovered that the implied analyst goal worth for the ETF based mostly upon its underlying holdings is $225.40 per unit.
With QTEC buying and selling at a latest worth close to $198.26 per unit, that implies that analysts see 13.69% upside for this ETF wanting via to the typical analyst targets of the underlying holdings. Three of QTEC’s underlying holdings with notable upside to their analyst goal costs are ASML Holding NV (Image: ASML), Qualcomm Inc (Image: QCOM), and GlobalFoundries Inc (Image: GFS). Though ASML has traded at a latest worth of $671.31/share, the typical analyst goal is 35.31% greater at $908.38/share. Equally, QCOM has 24.96% upside from the latest share worth of $168.29 if the typical analyst goal worth of $210.29/share is reached, and analysts on common expect GFS to achieve a goal worth of $51.92/share, which is 21.59% above the latest worth of $42.70. Under is a twelve month worth historical past chart evaluating the inventory efficiency of ASML, QCOM, and GFS:
Mixed, ASML, QCOM, and GFS characterize 6.43% of the First Belief NASDAQ-100-Know-how Sector Index Fund ETF. Under is a abstract desk of the present analyst goal costs mentioned above:
| Title | Image | Latest Value | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| First Belief NASDAQ-100-Know-how Sector Index Fund ETF | QTEC | $198.26 | $225.40 | 13.69% |
| ASML Holding NV | ASML | $671.31 | $908.38 | 35.31% |
| Qualcomm Inc | QCOM | $168.29 | $210.29 | 24.96% |
| GlobalFoundries Inc | GFS | $42.70 | $51.92 | 21.59% |
Are analysts justified in these targets, or overly optimistic about the place these shares will probably be buying and selling 12 months from now? Do the analysts have a legitimate justification for his or her targets, or are they behind the curve on latest firm and trade developments? A excessive worth goal relative to a inventory’s buying and selling worth can replicate optimism concerning the future, however will also be a precursor to focus on worth downgrades if the targets have been a relic of the previous. These are questions that require additional investor analysis.
10 ETFs With Most Upside To Analyst Targets »
Additionally see:
PV Split History
IIPR shares outstanding history
FMC MACD
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
