Implied CIBR Analyst Target Price: $21

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 Nasdaq Cybersecurity ETF ( CIBR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $20.83 per unit.

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With CIBR trading at a recent price near $19.02 per unit, that means that analysts see 9.52% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of CIBR's underlying holdings with notable upside to their analyst target prices are CyberArk Software Ltd ( CYBR), Qualys, Inc. ( QLYS), and Proofpoint Inc ( PFPT). Although CYBR has traded at a recent price of $47.73/share, the average analyst target is 21.71% higher at $58.09/share. Similarly, QLYS has 14.07% upside from the recent share price of $34.30 if the average analyst target price of $39.12/share is reached, and analysts on average are expecting PFPT to reach a target price of $83.00/share, which is 12.48% above the recent price of $73.79. Below is a twelve month price history chart comparing the stock performance of CYBR, QLYS, and PFPT:

CYBR, QLYS, and PFPT Relative Performance Chart

Combined, CYBR, QLYS, and PFPT represent 9.02% of the First Trust Nasdaq Cybersecurity ETF. Below is a summary table of the current analyst target prices discussed above:

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