From Nasdaq:

According to ETF Channel’s analysis, the implied analyst target price for the ETF is $120. This is based on the comparison of each holding’s trading price to the average analyst 12-month forward target price. This suggests a potential upside for the ETF.

The ETF’s top holdings include tech giants like Apple, Microsoft, and Amazon. These holdings are trading at lower prices than the average analyst 12-month forward target price, potentially signaling a buying opportunity for investors.

The weighted average implied analyst target price for the ETF implies a 15% upside potential. This indicates that the ETF’s top holdings are undervalued and could present a lucrative investment opportunity for those looking to capitalize on tech sector growth.

Investors may want to consider the ETF as a way to gain exposure to well-established tech companies at a potential discount. The analysis suggests that the ETF’s top holdings have room for growth and could outperform the market in the coming months.



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