Analysts See Significant Upside for FNX and Its Holdings

Analysts predict a notable 24.02% upside for FNX ETF, with its holdings Academy Sports & Outdoors (ASO), Old National Bancorp (ONB), and Applied Industrial Technologies (AIT) showing significant price targets. Investors should assess these projections carefully.

Date: 21-03-2025

AI Rating: 7

Market Outlook for FNX and Holdings

The report presents a positive outlook for the First Trust Mid Cap Core AlphaDEX Fund ETF (FNX), with an implied analyst target price of $136.02 compared to its current price of $109.67, indicating a 24.02% upside potential. This suggests analysts are optimistic regarding the ETF's future performance.

Among the underlying holdings, notable candidates like Academy Sports & Outdoors Inc (ASO), Old National Bancorp (ONB), and Applied Industrial Technologies, Inc. (AIT) also exhibit potential based on their respective analyst target prices. ASO, trading at $47.42, is anticipated to rise by 31.52% to a target of $62.37. ONB shows a potential upside of 28.16%, with a current price of $21.37 and a target of $27.39. AIT’s anticipated increase of 27.56% from a current price of $228.46 to a target price of $291.43 signifies strong future expectations as well.

These upward projections reflect positive sentiments among analysts, who speculate that these stocks may benefit from anticipated company and industry developments within the next year. However, a cautionary note exists regarding whether these targets are realistically achievable or if they may represent overly optimistic forecasts, especially if the companies face unforeseen challenges.

Investors are advised to conduct further research to gauge the validity of these target prices against upcoming earnings reports and market conditions. The relative performance of these stocks should be analyzed continually to ensure alignment with market dynamics.

Stocks: FNX ASO ONB AIT