With macro data pointing to slower inflation, the "XLG stock price forecast" gains credibility for a steady uptrend. Portfolio managers highlight that corporate earnings beats from top constituents may aid the ETF’s trajectory into the $40 zone. Paul R. La Monica is a veteran financial journalist with nearly 30 years experience (including more than 20 at CNN) covering the stock market and other asset classes, the economy and other corporate and business news. For Wall Street, 2024 was a year that defied expectations, broke records and hinted at an optimistic future. Though the year began with uncertainty, the Nasdaq Composite, the S&P 500 and Dow Jones surged to remarkable heights. Tech stocks drove much of the rally, with the Nasdaq climbing over 28.6%, the S&P 500 up 23.3%, and the more conservative Dow Jones rising 12.9%. Institutional investors view the "XLG stock price forecast" favorably, citing robust free cash flow among its holdings. Technical traders note support around $38.20 and resistance near $39.80, forming a clear channel for potential breakout.