IETC on Track to Reach $115: Understanding the Factors Behind It

Written by Emily J. Thompson, Senior Investment Analyst

BSY-1.07%

NTNX-0.49%

IETC+0.61%

Source: NASDAQ.COM

Updated: Oct 13 2025

0mins

Source: NASDAQ.COM

ETF Target Price Analysis: The iShares U.S. Tech Independence Focused ETF (IETC) has an implied analyst target price of $115.07, indicating a potential upside of 15% from its current trading price of $100.06.
Notable Holdings with Upside: Key underlying holdings such as Dynatrace Inc (DT), Nutanix Inc (NTNX), and Bentley Systems Inc (BSY) show significant upside potential, with target prices suggesting increases of 31.18%, 26.94%, and 21.67% respectively from their recent trading prices.

BSY

$38.78+Infinity%1D

Analyst Views on BSY

Wall Street analysts forecast BSY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BSY is 55.43 USD with a low forecast of 47.00 USD and a high forecast of 65.00 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.

9 Analyst Rating

7 Buy

2 Hold

0 Sell

Strong Buy

Current: 39.200

Low

47.00

Averages

55.43

High

65.00

Current: 39.200

Low

47.00

Averages

55.43

High

65.00

BMO Capital

Outperform

initiated

$48

2026-01-22

New

Reason

BMO Capital

Price Target

$48

AI Analysis

2026-01-22

New

initiated

Outperform

Reason

BMO Capital initiated coverage of Bentley Systems with an Outperform rating and $48 price target. The firm says the company offers an "intriguing mix" of durable growth opportunities with exposure to data centers and lower relative near-term AI disruption risk. Bentley has potential near-term catalysts from "reasonable" construction read-through data exiting 2025 and possible U.S. permitting reform, the analyst tells investors in a research note.

Oppenheimer

Kristen Owen

Outperform

downgrade

$65 -> $53

2026-01-20

New

Reason

Oppenheimer

Kristen Owen

Price Target

$65 -> $53

2026-01-20

New

downgrade

Outperform

Reason

Oppenheimer analyst Kristen Owen lowered the firm's price target on Bentley Systems (BSY) to $53 from $65 and keeps an Outperform rating on the shares. The firm notes that the run-up to Q4 2025 earnings season has seen a flurry of macro factors impacting stocks in its Industrial Efficiency coverage, including rate cut dynamics, the Venezuela-U.S. military confrontation, and the Nvidia (NVDA) Vera Rubin platform launch. Investor sentiment has improved materially for short-cycle and equipment-focused names, while cooling on data center-exposed stocks. Many industrial verticals have stabilized, and rate cuts, lapping tariff headwinds, OBBBA benefits, and additional prospective measures ahead of midterms could lend to broader recovery; some of this optimism arguably reflects in recent market moves, Oppenheimer adds.

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Baird

Outperform -> Outperform

downgrade

$62 -> $55

2026-01-07

Reason

Baird

Price Target

$62 -> $55

2026-01-07

downgrade

Outperform -> Outperform

Reason

Baird lowered the firm's price target on Bentley Systems to $55 from $62 and keeps an Outperform rating on the shares. The firm updated its model as its asset analystics have been bolstered by M&A.

RBC Capital

Matthew Hedberg

Outperform

downgrade

$65 -> $48

2026-01-05

Reason

RBC Capital

Matthew Hedberg

Price Target

$65 -> $48

2026-01-05

downgrade

Outperform

Reason

RBC Capital analyst Matthew Hedberg lowered the firm's price target on Bentley Systems to $48 from $65 and keeps an Outperform rating on the shares. 2026 is likely to be a year when AI tailwinds become more evident for companies well positioned for enterprise AI adoption, while less prepared peers may remain pressured by the "AI is the death of software" narrative, the analyst tells investors in a research note. Enterprise spending appears to be stabilizing and improving in select areas, with GenAI driving innovation even as management teams remain conservative in early 2026 guidance, the firm says.

About BSY

Bentley Systems, Inc is an infrastructure engineering software company. It focuses on developing and supporting a portfolio of integrated software offerings across professional disciplines, infrastructure sectors, geographies, and the infrastructure lifecycle. It serves enterprises and professionals across the infrastructure lifecycle by enabling project delivery and asset performance. Its portfolio of integrated software offerings includes Engineering Applications, Geo-Professional Applications, Bentley Infrastructure Cloud, Bentley Asset Analytics, and Cesium and iTwin Platform. Its Geo-Professional Applications include GeoStudio, for integrated geotechnical analysis of slope stability, groundwater flow, and heat and mass transfer in soil and rock, and Imago, for the capture and management of drilling core images. Bentley Asset Analytics solutions include Blyncsy, Bridge Monitoring, Dam Monitoring, OpenTower iQ, Talon Aerolytics , and Pointivo.

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.