The ETF universe is huge, and figuring out where to start isn’t always easy.
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TipRanks’ AI analyst has done the heavy lifting, and in this article, we identify three ETFs projected by the analyst to have upside of 10% or more. So, take a look at the chart and summary to see how each one compares to the others.
- The KraneShares CSI China Internet ETF (KWEB) — This ETF, which was founded in July 2013, is one of the most widely followed China-focused thematic ETFs. The fund tracks the CSI Overseas China Internet Index and gives investors exposure to Chinese internet and tech companies listed in the U.S. and Hong Kong. The ETF AI analyst currently has a $44 price target on KWEB, suggesting 15.85% growth potential. The fund’s current Outperform rating comes from strong results delivered by key holdings such as Alibaba (BABA) and Tencent Holdings (TCEHY).
- The NEOS Nasdaq 100 Hedged Equity Income ETF (QQQH) – This fund, launched in December 2019, focuses on delivering consistent income to investors. To achieve this, it not only primarily targets Nasdaq 100 companies — that is, the 100 largest non-financial companies on the Nasdaq exchange — but also uses index options and other hedging strategies to generate monthly income and provide a firewall against market volatility. This means that the ETF leans heavily into the tech sector. The ETF AI analyst currently has a $60 price target on QQQH, suggesting approximately 10% upside. Outperformance from several of its largest holdings, including Nvidia (NVDA), Broadcom (AVGO), and Netflix (NFLX), earned the fund its current Outperform rating.
- iShares MSCI USA Momentum Factor ETF (MTUM)— This is a factor-based ETF. This means that the fund uses the key factor of ‘price momentum’ to select stocks that have the highest risk-adjusted returns over the last six to 12 months in its basket. This usually means that MTUM focuses on American companies with large- and mid-market capitalization. The ETF AI analyst currently has a price target of $273.00 on MTUM, suggesting approximately 10% upside from the current trading levels. The fund’s current Outperform rating is carried by strong results from key holdings such as Broadcom, Palantir (PLTR), and Oracle (ORCL).
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