FSTA ETF Implied Analyst Target Price: $57

The Fidelity MSCI Consumer Staples Index ETF (FSTA) has an implied analyst target price of $56.53 per unit, with a recent trading price near $51.33 per unit, indicating a 10.12% upside. Three of the ETF's underlying holdings with notable upside to their analyst target prices are Chefs' Warehouse Inc (CHEF), Calavo Growers, Inc. (CVGW), and Kroger Co (KR).

The Fidelity MSCI Consumer Staples Index ETF (FSTA) has garnered attention from analysts, with an implied target price of $56.53 per unit, suggesting a 10.12% upside from its recent trading price near $51.33 per unit [2]. The ETF's underlying holdings, particularly Chefs' Warehouse Inc (CHEF), Calavo Growers, Inc. (CVGW), and Kroger Co (KR), are expected to contribute significantly to this potential growth.

Chefs' Warehouse Inc (CHEF) is trading at $62.76 per share, with an average analyst target of $71.28 per share, indicating a 13.59% upside [2]. Similarly, Calavo Growers, Inc. (CVGW) has an average analyst target price of $30.00 per share, which is 11.32% above its recent share price of $26.95 [2]. Kroger Co (KR) is expected to reach an average analyst target price of $76.89 per share, a 10.25% increase from its recent trading price of $69.74 [2].

While these analyst targets suggest optimism about the future performance of these stocks and the ETF, it is essential for investors to conduct further research. A high price target relative to a stock's trading price can reflect optimism about the future, but it can also indicate a relic of the past if not supported by current company and industry developments. Investors should consider the rationale behind these targets and assess the potential risks and rewards associated with investing in FSTA and its underlying holdings.

References:
[1] https://finance.yahoo.com/quote/FSTA/
[2] https://www.nasdaq.com/articles/sum-parts-fsta-could-be-worth-57