Surprising Analyst 12-Month Target For QQEW
August 13, 2018 at 09:42 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-100 Equal Weighted Index Fund ETF (QQEW), we found that the implied analyst target price for the ETF based upon its underlying holdings is $70.25 per unit.