IPO: Riding The SpaceX Liftoff And The Upcoming AI Wave
The Renaissance IPO ETF is currently rated as a 'Buy' due to favorable technical indicators and a resurgence in IPO activity following SpaceX's S-1 filing. The ETF is trading at nearly 30 times earnings, with a long-term EPS growth rate exceeding 11%. This results in a PEG ratio below 3, which is considered reasonable given the current market conditions.
- ▪The Renaissance IPO ETF is experiencing renewed enthusiasm following SpaceX's S-1 filing.
- ▪It is currently trading just under 30 times earnings.
- ▪The ETF has a long-term EPS growth rate of over 11%, resulting in a PEG ratio below 3.
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