Clough Select Equity ETF Has 11% Upside to Analyst Targets

The Clough Select Equity ETF (CBSE) has a weighted average implied analyst target price of $42.62 per unit, indicating a potential 11.01% upside from its recent trading price of $38.39 per unit. Analysts see significant upside potential for three of CBSE's underlying holdings: ICICI Bank Ltd (IBN), OneSpaWorld Holdings Ltd (OSW), and Planet Labs PBC (PL).

The Clough Select Equity ETF (CBSE) has garnered attention from analysts, with a weighted average implied analyst target price of $42.62 per unit. This represents a potential 11.01% upside from its recent trading price of $38.39 per unit. Analysts see significant upside potential for three of CBSE's underlying holdings: ICICI Bank Ltd (IBN), OneSpaWorld Holdings Ltd (OSW), and Planet Labs PBC (PL).

ICICI Bank Ltd (IBN)

ICICI Bank Ltd is one of the notable holdings in CBSE with substantial analyst upside potential. The bank has demonstrated strong financial performance, with analysts citing its robust liquidity and strategic focus as key drivers for its positive outlook. ICICI Bank's ability to adapt to market changes and maintain its competitive edge in the banking sector has contributed to its positive analyst sentiment.

OneSpaWorld Holdings Ltd (OSW)

OneSpaWorld Holdings Ltd has also attracted analyst attention, with a significant upside potential. The company has shown impressive momentum with a 42.65% return over the past year and is currently trading near its 52-week high of $23.17. Truist Securities has reiterated its Buy rating and $24.00 price target on OSW, citing multiple positive factors supporting the company’s outlook. These factors include strong demand, a simple business model, and considerable competitive moat [2].

Planet Labs PBC (PL)

Planet Labs PBC is another notable holding in CBSE with analyst target price increases. The company's strong financial performance and strategic initiatives have contributed to its positive outlook. Analysts have highlighted the company's ability to adapt to market changes and maintain its competitive edge in the satellite imagery and data services industry.

Conclusion

The Clough Select Equity ETF (CBSE) offers a diversified portfolio with potential upside in its underlying holdings. ICICI Bank Ltd, OneSpaWorld Holdings Ltd, and Planet Labs PBC are among the ETF's notable holdings with significant analyst target price increases. Investors should consider the potential risks and rewards associated with these holdings and consult with financial professionals for personalized advice.

References

[1] https://ng.investing.com/news/analyst-ratings/onespaworld-stock-rating-reiterated-as-buy-by-truist-securities-93CH-2054031
[2] https://www.ainvest.com/news/etf-channel-vanguard-esg-stock-etf-implied-analyst-target-price-123-21-2508/