Small-Cap ETFs to Rally on Upbeat U.S. Q2 GDP Growth Data?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
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Source: NASDAQ.COM
US Economic Growth: The US economy grew at an annualized rate of 2.8% in Q2 2024, surpassing expectations, while small-cap stocks have outperformed larger indices amid a shift in investor focus and potential Fed rate cuts.
Earnings Outlook: S&P 500 earnings are projected to rise by 9.6% in Q2, while small-cap earnings are expected to decline by 7.9%, indicating a slow improvement in the small-cap segment despite ongoing economic challenges.
Analyst Views on SBIO
Wall Street analysts forecast SBIO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SBIO 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: 52.980
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Current: 52.980
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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.
