Look Under The Hood: FRI Has 10% Upside
September 29, 2021 at 07:51 AM EDT
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust S&P REIT Index Fund ETF (FRI), we found that the implied analyst target price for the ETF based upon its underlying holdings is $31.25 per unit.