--- title: "FTLS's Underlying Holdings Imply 17% Gain Potential" type: "News" locale: "en" url: "https://longbridge.com/en/news/278541813.md" description: "The First Trust Long/Short Equity ETF (FTLS) has an implied analyst target price of $82.80, indicating a potential upside of 16.87% from its recent trading price of $70.85. Notable underlying holdings include American Superconductor Corp. (AMSC), with an 80.23% upside to a target of $52.25, StepStone Group Inc (STEP) at 76.16% upside to $79.71, and Roblox Corp (RBLX) at 70.50% upside to $106.82. Analysts' optimism raises questions about the validity of these targets and the need for further investor research." datetime: "2026-03-10T11:05:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278541813.md) - [en](https://longbridge.com/en/news/278541813.md) - [zh-HK](https://longbridge.com/zh-HK/news/278541813.md) --- # FTLS's Underlying Holdings Imply 17% Gain Potential 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 Long/Short Equity ETF (Symbol: FTLS), we found that the implied analyst target price for the ETF based upon its underlying holdings is $82.80 per unit. With FTLS trading at a recent price near $70.85 per unit, that means that analysts see 16.87% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FTLS's underlying holdings with notable upside to their analyst target prices are American Superconductor Corp. (Symbol: AMSC), StepStone Group Inc (Symbol: STEP), and Roblox Corp (Symbol: RBLX). Although AMSC has traded at a recent price of $28.99/share, the average analyst target is 80.23% higher at $52.25/share. Similarly, STEP has 76.16% upside from the recent share price of $45.25 if the average analyst target price of $79.71/share is reached, and analysts on average are expecting RBLX to reach a target price of $106.82/share, which is 70.50% above the recent price of $62.65. Below is a twelve month price history chart comparing the stock performance of AMSC, STEP, and RBLX: ![AMSC, STEP, and RBLX Relative Performance Chart](https://imageproxy.pbkrs.com/https://secure.tickertech.com/pics/2026/11234065141.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Below is a summary table of the current analyst target prices discussed above: Name Symbol Recent Price Avg. Analyst 12-Mo. Target % Upside to Target **First Trust Long/Short Equity ETF** **FTLS** **$70.85** **$82.80** **16.87%** American Superconductor Corp. AMSC $28.99 $52.25 80.23% StepStone Group Inc STEP $45.25 $79.71 76.16% Roblox Corp RBLX $62.65 $106.82 70.50% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » ##### Also see: • Institutional Holders of AEHL • OXBR shares outstanding history • AMTD Insider Buying The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### Related Stocks - [AMSC.US](https://longbridge.com/en/quote/AMSC.US.md) - [RBLU.US](https://longbridge.com/en/quote/RBLU.US.md) - [RBLX.US](https://longbridge.com/en/quote/RBLX.US.md) - [STEP.US](https://longbridge.com/en/quote/STEP.US.md) - [RBLY.US](https://longbridge.com/en/quote/RBLY.US.md) ## Related News & Research - [Earnings snapshot: Roblox Q1 revenue, guidance falls short while bookings beat estimates](https://longbridge.com/en/news/284841676.md) - [Roblox (RBLX) Is About to Report Q1 Earnings This Week. Here's What to Expect](https://longbridge.com/en/news/284341208.md) - [Roblox Stock Tanks After Q1 Earnings Report: Here's Why](https://longbridge.com/en/news/284835945.md) - [Roblox slashes annual bookings forecast as new safety features take their toll](https://longbridge.com/en/news/284827051.md) - [Roblox’s daily users continue to drop as age-checks slow growth](https://longbridge.com/en/news/284842164.md)