Analysts See Upside in Fidelity MSCI Communication Services ETF

Analysts predict an 11.72% upside for the Fidelity MSCI Communication Services Index ETF (FCOM), currently trading at $59.96. Notable holdings like Cogent Communications, Magnite, and Grindr also show potential growth, suggesting a favorable outlook for investors.

Date: 08-01-2025

AI Rating: 7

Overview of Price Targets: The report indicates that the Fidelity MSCI Communication Services Index ETF (FCOM) has an implied analyst target price of $66.99, showing an 11.72% upside from its recent trading price of $59.96. This reflects positive sentiment from analysts regarding the ETF's underlying holdings.

Underlying Holdings Analysis: Among FCOM's significant holdings, Cogent Communications Holdings, Inc. (CCOI) has a recent price of $72.44, with an average analyst target price of $82.73—indicating a potential upside of 14.20%. Magnite Inc (MGNI) is priced at $16.62, with an upside of 13.16% to a target of $18.81. Grindr Inc (GRND) currently trades at $17.34, with a forecasted target of $19.50, representing a 12.46% upside.

Investment Sentiment: The potential upside across these stocks indicates overall positive sentiment amongst analysts. However, the report raises concerns over the potential risk of target price downgrades if the analysts are too optimistic relative to the companies' actual performance. Thus, while immediate forecasts are positive, investors should remain cautious and conduct due diligence.

Stocks: FCOM CCOI MGNI GRND