How The Pieces Add Up: MMLG Headed For $28
June 07, 2021 at 09:02 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 Multi-Manager Large Growth ETF (MMLG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $28.50 per unit.