![]() TipRanks calculates a weighted average based on the combination of the ETF's holdings. By using the Analyst Forecast tool, investors can see the consensus price target and rating for an ETF, as well as the highest and lowest price targets. TipRanks uses proprietary technology to compile analyst forecasts and price targets for ETFs based on a combination of the individual performances of the underlying assets. Of the 394 analyst ratings on ARKK, 52.3% are Buy ratings, 38.8% are Hold ratings, and 8.9% are Sell ratings. The average ARKK stock price target of just over $50 implies upside potential of nearly 28.4% versus its current price. The result is data-driven and does not involve any human intervention.Īnalysts seem slightly more positive on ARKK, assigning it a Moderate Buy consensus rating. ![]() It all adds up to a Neutral ETF Smart Score of 5 out of 10. The Smart Score is TipRanks’ proprietary quantitative stock scoring system that evaluates stocks on eight different market factors. That’s because other top 10 holdings, like Zoom Video ( NASDAQ:ZM), Roblox ( NYSE:RBLX), and Teladoc ( NYSE:TDOC), all have the lowest possible Smart Score of 1 out of 10, which is equivalent to an Underperform rating. While top holdings like Tesla and Exact Sciences ( NASDAQ:EXAS) boast impressive Smart Scores of 8 out of 10, which are equivalent to an Outperform rating, you’ll notice that there is some reason for caution here. In fact, using TipRanks’ holdings tool, which gives investors a quick and comprehensive overview of an ETF’s holdings, we can see that Tesla is ARKK’s largest holding, with a weighting of just under 10% in the fund.ĪRKK stock has just 28 positions, and its top 10 holdings account for 63.8% of assets, so it's a fairly concentrated bet on Tesla and other “disruptive technology” stocks like Coinbase ( NASDAQ:COIN) and Block ( NYSE:SQ). ARK Invest’s Cathie Wood is one of Tesla’s most vocal and high-profile proponents, recently putting a $1,500 price target on the company's stock, so it’s no surprise to see that ARK’s flagship ARK Innovation ETF has ridden its large stake in Tesla to a gain of 27.4% year-to-date. ![]()
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