Exploring the world of exchange-traded funds (ETFs) can feel like searching for a needle in a haystack.
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Thankfully, TipRanks’ AI analyst has identified three ETFs, each with a projected upside of at least 10%. See the chart and summary below to discover how these top contenders stack up against each other.
- ETC 6 Meridian Quality Growth ETF (SXQG) — This fund was launched in 2021 and invests across U.S. businesses with small, middle, and large market capitalization, targeting those with strong growth and financial durability. As a result of this diversification, the fund’s performance leans more heavily towards the overall market and can be impacted by macroeconomic updates. The ETF AI analyst currently has a $38 price target on SXQG, suggesting 16.64% growth potential. The fund’s current Outperform rating comes from strong results delivered by key holdings such as Nvidia (NVDA) and Alphabet (GOOGL).
- Congress Large Cap Growth ETF (CAML) – This fund is much newer — it was launched in August 2023 — and focuses on companies with large market capitalization (that is, established companies) and strong growth potential to deliver long-term capital returns to investors. As a result, the ETF leans heavily on the tech sector. The ETF AI analyst currently has a $43 price target on CAML, suggesting approximately 13% upside. Outperformance from several of its largest holdings, including Nvidia, Alphabet, and Broadcom (AVGO), earned the fund its current Outperform rating.
- SPDR NYSE Technology ETF (XNTK)– Unlike the two funds listed earlier, this is a much more established ETF that focuses on the U.S. technology industry, including sub-sectors such as software, hardware, and telecommunications. The ETF is managed by the asset management arm of popular investment firm State Street Corporation (STT) and tracks the NYSE Technology Index, which is a benchmark of the top 35 tech firms trading on the New York Stock Exchange. The ETF AI analyst currently has a price target of $297.00 on XNTK, suggesting almost 12% growth potential from the current levels. The fund’s current Outperform rating is carried by strong results from key holdings such as Palantir (PLTR) and Micron (MU).
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