Is First Trust Technology AlphaDEX ETF (FXL) a Strong ETF Right Now?
- First Trust Technology AlphaDEX ETF (FXL): A smart beta exchange-traded fund that debuted in 2007, providing broad exposure to the Technology ETFs category.
- Smart Beta ETFs: These ETFs track non-cap weighted strategies for stock selection based on fundamental characteristics or a mix of such characteristics.
- Fund Sponsor & Index: Managed by First Trust Advisors, FXL seeks to match the performance of the StrataQuant Technology Index.
- Cost & Other Expenses: Operating expenses for FXL are 0.62% annually, with a 12-month trailing dividend yield of 0.37%.
- Sector Exposure and Top Holdings: FXL has the heaviest allocation in the Information Technology sector, with top holdings including Nvidia Corporation, Pure Storage, Inc., and Applovin Corp.
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Analyst Views on FXL
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Breaking Down the Components: FXL May Have a Value of $198
ETF Performance Analysis: The First Trust Technology AlphaDEX Fund ETF (FXL) has an implied analyst target price of $198.16, indicating a potential upside of 16.02% from its current trading price of $170.80.
Notable Holdings: Key underlying holdings contributing to this upside include Bentley Systems Inc (BSY), Nutanix Inc (NTNX), and AppFolio Inc (APP), with expected price increases of 31.71%, 26.55%, and 26.52% respectively.
Analyst Target Justification: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets may lead to downgrades if they do not align with current market conditions.
Investor Research Importance: It emphasizes the need for further investor research to assess the validity of analyst targets in light of recent company and industry developments.
"Understanding the Factors: FXL on Track for $181"
ETF Analyst Target Price: The First Trust Technology AlphaDEX Fund ETF (FXL) has an implied analyst target price of $181.45, indicating a potential upside of 13.62% from its current trading price of $159.70.
Notable Holdings with Upside: Key underlying holdings of FXL, such as Guidewire Software Inc (GWRE), Parsons Corp (PSN), and Science Applications International Corp (SAIC), show significant upside potential based on analyst target prices, with expected increases of 19.71%, 17.73%, and 16.05% respectively.
First Trust Technology AlphaDEX Fund (FXL) Shares Cross Below 200 DMA
52 Week Range of FXL: FXL's stock has a 52-week low of $118.92 and a high of $160.72, with the last trade recorded at $140.85.
Market Analysis Disclaimer: The opinions expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
The Implied Analyst 12-Month Target For FXL
ETF Analysis: The First Trust Technology AlphaDEX Fund ETF (FXL) has an implied analyst target price of $169.33 per unit, indicating an 11.18% upside from its current trading price of $152.31. Notable underlying holdings with significant upside include Paycor HCM Inc, Arrow Electronics, and Kyndryl Holdings.
Investor Considerations: Analysts' target prices may reflect optimism or could be outdated based on recent developments; further research is needed to determine the validity of these targets and whether they might lead to downgrades in the future.
The Zacks Analyst Blog XLK, FDN, FXL, PSCT and XSW
Tech Stocks Performance: U.S. tech stocks have thrived due to an AI boom, with the Technology Select Sector SPDR Fund (XLK) gaining 28% in 2024 and 56% in 2023, driven by trends like remote work, digital payments, and video streaming.
Investment Outlook: Analysts suggest that despite high valuations, there are opportunities in undervalued tech ETFs, particularly as the AI sector continues to grow and the Federal Reserve begins a rate-cutting cycle, which could further benefit growth-oriented investments.
Surprising Analyst 12-Month Target For FXL
ETF Target Price Analysis: The First Trust Technology AlphaDEX Fund ETF (FXL) has an implied analyst target price of $176.29 per unit, indicating a potential upside of 16.31% from its current trading price of $151.57.
Individual Stock Upside Potential: Notable underlying holdings such as Allegro MicroSystems Inc., Micron Technology Inc., and Amkor Technology Inc. show significant upside potential based on analyst target prices, with expected increases ranging from approximately 29.55% to 32.88%.
Breaking Down the Components: FXL May Have a Value of $198
ETF Performance Analysis: The First Trust Technology AlphaDEX Fund ETF (FXL) has an implied analyst target price of $198.16, indicating a potential upside of 16.02% from its current trading price of $170.80.
Notable Holdings: Key underlying holdings contributing to this upside include Bentley Systems Inc (BSY), Nutanix Inc (NTNX), and AppFolio Inc (APP), with expected price increases of 31.71%, 26.55%, and 26.52% respectively.
Analyst Target Justification: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets may lead to downgrades if they do not align with current market conditions.
Investor Research Importance: It emphasizes the need for further investor research to assess the validity of analyst targets in light of recent company and industry developments.
"Understanding the Factors: FXL on Track for $181"
ETF Analyst Target Price: The First Trust Technology AlphaDEX Fund ETF (FXL) has an implied analyst target price of $181.45, indicating a potential upside of 13.62% from its current trading price of $159.70.
Notable Holdings with Upside: Key underlying holdings of FXL, such as Guidewire Software Inc (GWRE), Parsons Corp (PSN), and Science Applications International Corp (SAIC), show significant upside potential based on analyst target prices, with expected increases of 19.71%, 17.73%, and 16.05% respectively.
First Trust Technology AlphaDEX Fund (FXL) Shares Cross Below 200 DMA
52 Week Range of FXL: FXL's stock has a 52-week low of $118.92 and a high of $160.72, with the last trade recorded at $140.85.
Market Analysis Disclaimer: The opinions expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
The Implied Analyst 12-Month Target For FXL
ETF Analysis: The First Trust Technology AlphaDEX Fund ETF (FXL) has an implied analyst target price of $169.33 per unit, indicating an 11.18% upside from its current trading price of $152.31. Notable underlying holdings with significant upside include Paycor HCM Inc, Arrow Electronics, and Kyndryl Holdings.
Investor Considerations: Analysts' target prices may reflect optimism or could be outdated based on recent developments; further research is needed to determine the validity of these targets and whether they might lead to downgrades in the future.
The Zacks Analyst Blog XLK, FDN, FXL, PSCT and XSW
Tech Stocks Performance: U.S. tech stocks have thrived due to an AI boom, with the Technology Select Sector SPDR Fund (XLK) gaining 28% in 2024 and 56% in 2023, driven by trends like remote work, digital payments, and video streaming.
Investment Outlook: Analysts suggest that despite high valuations, there are opportunities in undervalued tech ETFs, particularly as the AI sector continues to grow and the Federal Reserve begins a rate-cutting cycle, which could further benefit growth-oriented investments.
Surprising Analyst 12-Month Target For FXL
ETF Target Price Analysis: The First Trust Technology AlphaDEX Fund ETF (FXL) has an implied analyst target price of $176.29 per unit, indicating a potential upside of 16.31% from its current trading price of $151.57.
Individual Stock Upside Potential: Notable underlying holdings such as Allegro MicroSystems Inc., Micron Technology Inc., and Amkor Technology Inc. show significant upside potential based on analyst target prices, with expected increases ranging from approximately 29.55% to 32.88%.
