Fidelity ETF Analysts Predicting Significant Upside Ahead

Fidelity ETFs show strong potential for growth as analysts predict upside. The Fidelity Enhanced Large Cap Value ETF is projected to rise 17.70% based on underlying holdings' target prices.

Date: 17-03-2025

AI Rating: 7

Potential for Growth in Fidelity ETFs
Recent evaluation of the Fidelity Enhanced Large Cap Value ETF (FELV) reveals that it has an implied analyst target price of $35.89 per unit, indicating a significant upside potential of 17.70% from its recent trading price of $30.49.

Among the underlying holdings of FELV, analysts have highlighted three companies with notable upside. Playtika Holding Corp (PLTK) is currently trading at $4.58, with an impressive average analyst target of $8.20, suggesting a potential upside of 79.04%. Newmark Group Inc (NMRK) also shows promise, with a recent price of $12.40 and a target price of $18.67, indicating a 50.53% upside. Wesco International, Inc. (WCC) is trading at $162.86, with a target price of $226.30, corresponding to an upside of 38.95%.

The information provided does not include specifics about Earnings Per Share (EPS), Revenue Growth, Net Income, Profit Margins, Free Cash Flow (FCF), or Return on Equity (ROE). However, the significant upside potential indicated by the analysts may reflect optimism surrounding the performance of these companies.

Investors should interpret these target price assessments cautiously, as a disparity between current prices and analyst targets can sometimes mean either optimism or the potential for future downgrades. Thus, conducting thorough research becomes crucial in assessing the validity of these targets in light of recent market and company developments.

Stocks: FELV PLTK NMRK WCC