Analysts See Upward Potential in FNX ETF and Its Holdings

Analysts are optimistic about FNX ETF, predicting a 14.43% price upside. Major holdings WD, CCCS, and NCNO also show significant upside targets. Investors should weigh these optimistic forecasts against market conditions.

Date: 14-02-2025

AI Rating: 7

Implied Target Price
The analysis indicates that the First Trust Mid Cap Core AlphaDEX Fund ETF (FNX) has a weighted average implied analyst target price of $137.47 per unit. Currently, FNX trades at $120.14, suggesting a potential upside of 14.43%.

Industry Holdings
The underlying holdings of FNX, including Walker & Dunlop Inc (WD), CCC Intelligent Solutions Holdings Inc (CCCS), and nCino Inc (NCNO), also display notable upside potentials. For instance, WD is priced at $86.16 with an average analyst target price of $116.67, translating to a potential upside of 35.41%. Similarly, CCCS's recent price of $10.94 reflects a 25.23% upside to its target of $13.70, while NCNO's target of $42.12 represents a 22.46% upside from its current price of $34.40.

Market Sentiment
While the analysts project optimism regarding FNX and its holdings, the text raises questions about whether these targets are justified or overly optimistic given current market conditions. Investors are encouraged to do further research to assess the validity of these price targets and understand potential market volatility.

Stocks: FNX WD CCCS NCNO