The Math Shows MMSC Can Go To $25

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 Small Cap Opportunities ETF (MMSC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $25.29 per unit.