The Math Shows FTXG Can Go To $22
September 20, 2017 at 08:42 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 Food & Beverage ETF (FTXG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $22.30 per unit.