Analysts Predict 12% Upside For The Holdings of XNTK
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
0mins
Source: NASDAQ.COM
ETF Analyst Target Prices: The SPDR NYSE Technology ETF (XNTK) has an implied analyst target price of $236.25, indicating a potential upside of 12.15% from its recent trading price of $210.66. Key holdings with significant upside include PDD Holdings, ASML Holding, and Taiwan Semiconductor Manufacturing Co.
Investor Considerations: Analysts' optimistic target prices may reflect future growth expectations but could also lead to downgrades if they are based on outdated information. Investors are encouraged to conduct further research to assess the validity of these targets.
Analyst Views on PDD
Wall Street analysts forecast PDD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PDD is 146.39 USD with a low forecast of 118.00 USD and a high forecast of 167.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 105.920
Low
118.00
Averages
146.39
High
167.00
Current: 105.920
Low
118.00
Averages
146.39
High
167.00
About PDD
PDD Holdings Inc. is a multinational commerce company that owns and operates a portfolio of businesses. The Company is focused on bringing businesses and people into the digital economy, which benefits local communities and small businesses from improved productivity and new opportunities. The Company has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses. Its Pinduoduo platform provides buyers with a comprehensive selection of value-for-money merchandise and fun and interactive shopping experiences. The Temu, a global e-commerce platform which brings together buyers, merchants, manufacturers, and brands from around the world, offers a selection of merchandise in product categories such as apparel, electronic appliances, household goods, sports and fitness, tools and home improvement, and pet supplies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
