How The Pieces Add Up: FTXN Headed For $20
September 22, 2017 at 08:13 AM EDT
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 Nasdaq Oil & Gas ETF (FTXN), we found that the implied analyst target price for the ETF based upon its underlying holdings is $20.37 per unit.