We examined the underlying holdings of the ETFs in our coverage universe at ETF Channel, comparing each holding’s current price to the average analyst 12‑month forward target price. From this we derived a weighted‑average implied target price for each ETF. For the Frontier Asset US Large Cap Equity ETF (ticker: FLCE), the implied target price based on its holdings is $33.89 per share.
With FLCE recently trading around $30.93, this implies roughly 9.6% upside to the average analyst targets of its constituents. Three holdings stand out for their notable upside: the JPMorgan Active Growth ETF (JGRO), the JPMorgan Active Value ETF (JAVA), and the GMO U.S. Quality ETF (QLTY). JGRO’s current price of $92.66 leaves about 14.8% room to reach its average analyst target (shown as $0.00 in the data), JAVA’s price of $80.22 offers roughly 11.9% upside to its target, and QLTY’s price of $41.25 provides about 10.8% upside to its target. A twelve‑month price‑history chart for these three ETFs follows:
Together, JGRO, JAVA, and QLTY account for approximately 31% of the FLCE portfolio. Below is a summary of the analyst target prices discussed above:
Name Symbol Recent Price Avg. Analyst 12-Mo. Target % Upside to Target Frontier Asset US Large Cap Equity ETF FLCE $30.93 $33.89 9.55% JPMORGAN ACTIVE GROWTH ETF JGRO $92.66 $0.00 14.76% JPMORGAN ACTIVE VALUE ETF JAVA $80.22 $0.00 11.88% GMO U.S. QUALITY ETF QLTY $41.25 $0.00 10.82%
Whether these analyst targets are justified or overly optimistic remains an open question. Do the targets reflect sound fundamentals, or are they lagging behind recent company and industry developments? While a high target relative to current price can signal bullish expectations, it may also precede downward revisions if the targets are outdated. Investors should conduct further due diligence.
Further FLCE Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
