The Math Shows QTEC Can Go To $48
May 12, 2016 at 07:48 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-100-Technology Sector Index Fund ETF (QTEC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $47.95 per unit.