Inflation Beneficiaries ETF (INFL) Hits New 52-Week High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 11 2024
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Source: NASDAQ.COM
Horizon Kinetics Inflation Beneficiaries ETF Performance: The Horizon Kinetics Inflation Beneficiaries ETF (INFL) has reached a 52-week high, increasing by 31.8% from its low of $29.50/share, indicating strong momentum for investors.
Inflation Trends and ETF Outlook: Despite a slight decrease in the annual inflation rate to 2.4%, inflation rates for food and transportation have risen, which may contribute to continued strong performance for the INFL ETF, supported by a positive weighted alpha of 31.57.
Analyst Views on INFL
Wall Street analysts forecast INFL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INFL is USD with a low forecast of USD and a high forecast of 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.
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Current: 49.680
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Current: 49.680
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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.
