Analysts Target Significant Upside for FNX and Key Holdings

Analysts anticipate a 13.72% upside for FNX ETF based on its underlying assets. Stocks like COHR, FIX, and MOG.A show promising growth potential, which may influence investor sentiment positively.

Date: 28-01-2025

AI Rating: 7

Upside Potential for FNX and Holdings

The report provides insights into the First Trust Mid Cap Core AlphaDEX Fund ETF (FNX), indicating that analysts project a substantial upside potential. FNX's current trading price is near $120.41, but analysts have set a 12-month forward target price of $136.93. This suggests a considerable 13.72% upside.

Among FNX's underlying holdings, Coherent Corp (COHR), Comfort Systems USA Inc (FIX), and Moog Inc (MOG.A) show particularly notable growth prospects. COHR trades at $81.32 with an average analyst target of $112.38, indicating a 38.19% upside. FIX, currently priced at $404.24, has a target price of $534.75, translating to a 32.29% potential increase. Likewise, MOG.A has a recent price of $177.03, with an analyst target of $219.75, reflecting a potential 24.13% upside.

This information is crucial for investors considering FNX and its component stocks. The upside potential suggested by analysts can drive positive investor sentiment, encouraging buying behavior. Conversely, if actual stock performance does not match these optimistic predictions, it might lead to downward revisions in target prices, potentially impacting stock valuations negatively.

Margin of Error in Analyst Predictions

It's also important to note that while high price targets can indicate optimism, they may also pose risks if the targets are based on outdated information. Investors are urged to conduct thorough research to assess whether the analyst targets hold valid justifications in light of current market conditions. The disparity between current prices and analyst targets may reflect underlying confidence or a risk of market correction.

Stocks: FNX COHR FIX MOG.A