RND's Underlying Holdings Could Mean 10% Gain Potential
June 03, 2024 at 06:40 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 Bloomberg R&D Leaders ETF (RND), we found that the implied analyst target price for the ETF based upon its underlying holdings is $23.09 per unit.