International Small-Cap ETF Reaches 52-Week High, Leaving Investors Wondering What's Next
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2024
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Source: Benzinga
ETF Performance: The iShares MSCI EAFE Small-Cap ETF (SCZ) has reached a 52-week high of $65.60, reflecting a year-to-date increase of 6.33% and a 12.84% rise over the past year, driven by strong small-cap stocks in developed markets outside North America.
Market Outlook: With significant geographic exposure to Europe and Asia Pacific, SCZ shows bullish momentum as it consistently trades above key moving averages, indicating potential for continued growth despite recent rapid price increases.
Analyst Views on SCZ
Wall Street analysts forecast SCZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SCZ 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: 81.590
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Current: 81.590
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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.
