We Did The Math QQEW Can Go To $52
January 09, 2017 at 09:14 AM EST
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 Equal Weighted Index Fund ETF (QQEW), we found that the implied analyst target price for the ETF based upon its underlying holdings is $52.49 per unit.