Picking an ETF can seem tough with so many out there. To make it easier, we’ve picked three ETFs that TipRanks’ AI analyst thinks are Outperformers, each with at least 10% potential upside.
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Take a look at the chart and list below to see how they stack up.
SMART Earnings Growth 30 ETF (SGRT) — This is a fairly new ETF, as it was launched in August this year. The fund selects 30 American companies with large market capitalization and earnings potential above the market average.
The ETF AI analyst currently has a $28 price target on SGRT, suggesting about 23% growth potential. The fund’s current Outperform rating is based on solid year-to-date performance from its top holdings, such as memory chip manufacturer Micron (MU) and big data analytics firm Palantir (PLTR).
GMO U.S. Quality ETF (QLTY) – This is the first fund by Boston-based Grantham, Mayo, Van Otterloo & Co. The ETF selects U.S. businesses with a strong balance sheet, a consistent earnings track record, and high returns. It targets companies with large market capitalization and avoids those that can be highly volatile.
The ETF AI analyst currently has a $42 price target on QLTY, suggesting more than 15% upside. Outperformance from important holdings, including Broadcom (AVGO), Microsoft (MSFT), and Lam Research (LRCX), has earned the fund its current Outperform rating.
Nuveen Sustainable Core ETF (NSCR) — Just as the name suggests, this fund focuses on sustainability and aims to only invest in businesses that follow strict environmental, social, and governance policies. The fund is managed by investment firm Nuveen, which is owned by the Teachers Insurance and Annuity Association of America.
The ETF AI analyst currently has a price target of $35 on NSCR, suggesting over 15% upside. The fund’s current Outperform rating is carried by strong results from key holdings such as Nvidia (NVDA), Microsoft, and Broadcom.