FTXN's Underlying Holdings Could Mean 11% Gain Potential
July 15, 2021 at 08:52 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 $19.10 per unit.