From a fundamental perspective, SCHG stock forecast benefits from high revenue-growth constituents. Analysts expect portfolio earnings CAGR above the S&P 500 average, which could lead to a price target near $95 if current GDP growth trends continue. For 2024, EV industry sales are expected to increase anywhere from 20% to 30%. Plus, according to Michelle Krebs, executive auto analyst for Cox, “EV sales are increasing faster than any other segment in the industry.” But SCHG isn’t limited to tech as pharma giant Eli Lilly (LLY) also finds a place within SCHG’s top holdings, and additional notable holdings include growth stocks from other sectors like Costco (COST) , Mastercard (MA) , GE Aerospace (GE) , Thermo Fisher Scientific (TMO) and Linde (LIN) . SCHG skews towards top tech names but offers diversification into other sectors as well. RSI is hovering around 65, suggesting moderate overbought conditions that could precede a minor consolidation before another leg higher.
