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Technology ETFs show analyst-rated upside potential
Summary
An article reviews three technology ETFs — VGT, JTEK and SOXX — and reports TipRanks' analyst-consensus ratings of Strong Buy with price-target implied upside of about 24% to 39%.
Content
An article reports on three technology exchange-traded funds and related analyst price targets. The piece discusses Vanguard Information Technology ETF (VGT), JPMorgan U.S. Tech Leaders ETF (JTEK) and iShares Semiconductor ETF (SOXX). It reports that TipRanks' weighted analyst consensus rates each ETF as Strong Buy and provides average price targets that imply double-digit upside percentages. The article also notes sector interest in areas such as AI, 5G and the Internet of Things as factors cited for semiconductor demand.
Key reported facts:
- The article reports TipRanks' ETF analyst consensus rates VGT, JTEK and SOXX as Strong Buy.
- VGT's average price target is reported as $1,013, implying about 39.4% upside.
- JTEK's average price target is reported as $107.38, implying about 27.5% upside.
- SOXX's average price target is reported as $436.29, implying about 24% upside, and the article reports SOXX has risen about 72% over the past year.
- The article mentions VGT's top reported holdings include Nvidia, Apple and Microsoft.
Summary:
The article presents these ETFs as a way to spread company-specific exposure and reports analyst-derived price targets that imply roughly mid-20s to high-30s percentage upside across the three funds. Undetermined at this time.
