How is SMH stock faring? The VanEck Semiconductor ETF is up 1.4% in the past 5 days, and up 15.4% year-to-date.
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According to TipRanks’ unique ETF analyst consensus, which is based on a weighted average of analyst ratings on its holdings, SMH is a Moderate Buy. The Street’s average price target of $344.14 implies an upside of nearly 7%.
Currently, SMH’s five holdings with the highest upside potential are Micron (MU), Universal Display (OLED), Nvidia (NVDA), Microchip Technology (MCHP), and STMicroelectronics N.V. (STM).
Its five holdings with the greatest downside potential are Intel (INTC), Teradyne (TER), Skyworks Solutions (SWKS), Lam Research (LRCX), and Kla Corporation (KLAC).
Lam Research stock is rising in pre-market trading today after Deutsche Bank analyst Melissa Weathers upgraded the stock from a “Hold” rating to a “Buy,” citing cyclical and secular tailwinds. She also raised the price target significantly to $150 (from $100), implying 16.9% upside potential from current levels. Weathers sees improved memory conditions and strong foundry demand, giving LRCX an edge over its peers.
Revealingly, SMH’s ETF Smart Score is Eight, implying that this ETF is likely to outperform the market.
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