The Math Shows FTXN Can Go To $28
July 05, 2018 at 09:39 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 $27.73 per unit.