Cathie Wood Market Prediction
According to the latest research report from Ark Investment Management Tesla stock is expected to trade at $4,600 in 2026. This is approximately seven times the price at which the stock of Elon Musk’s company is currently trading.[1]
Three years ago, ARK’s forecast for EV sales in 2022 looked ridiculous at 17 million. Our forecast has not changed. The EIA’s forecast for 2022 has gone up >10-fold to roughly 3.5 million and, if Wright’s Law is correct, it will have to increase its forecast another 5-fold.
— Cathie Wood (@CathieDWood) August 9, 2019
Cathy Wood reportedly told a Businessweek event in May 2021 that: “If our research is correct, no promises, we believe our portfolios will more than triple over the next five years, so that’s more than a 25% annual rate of return. These innovation platforms have hit escape velocity. There is no turning back.” [2]
Cathie Wood prediction for Bitcoin
Cathie Wood’s prediction has Bitcoin’s value to have hit almost $500,000 by 2026.
Ark Invest is also predicting the price of a single bitcoin could reach $1 million by 2030.
Cathie Wood prediction for Ethereum
Ark Invest is forecasting ether will hit a $20 trillion market cap by 2030.
At that target, ether would be priced around $170,000-$180,000 per coin.[3]
“Our confidence in Ethereum has gone up dramatically as we have seen the beginning of the transition from proof-of-work to proof-of-stake.” – Cathie Wood
What crypto is Cathie Wood invested in?
Ark Invest owns 8.3 million shares of Grayscale Bitcoin Trust (GBTC). She said that Ark Invest’s future exposure to crypto was likely to be around 60% Bitcoin and 40% Ether.[4]
What stocks is Cathie Wood buying?
Her fund purchased 546,579 shares of crypto exchange Coinbase (NASDAQ:COIN) worth about $30 million in May 2022, a daily trade report published by the firm showed.[5]
RedHill Biopharma Ltd (NASDAQ:RDHL) is an Israel-based company which is known for its medicines for the treatment of gastrointestinal and infectious diseases. In the first quarter of 2022, Cathie Wood’s hedge fund bought 861,798 shares of RedHill Biopharma Ltd.
She bought 1.7 million new shares of ATAI Life Sciences NV (NASDAQ:ATAI) in the first quarter of 2022. The clinical-stage company focuses on disease-modifying mental health treatments by researching both psychedelic and non-psychedelic compounds.
Cathie Wood bought a new stake in the Chinese electric vehicle company Nio Inc – ADR (NYSE:NIO). ARK added 420,057 shares of Nio Inc – ADR to its portfolio in the first quarter, valued at $8.84 million.
Cathie Wood’s hedge fund added 563,078 shares of Global-E Online Ltd (NASDAQ:GLBE) to its portfolio in the first quarter of 2022. Global-E Online Ltd is an Israel-based company that provides cross-border sales solutions. The company claims to use big-data and business intelligence to boost international traffic conversion for businesses.
Fathom Digital Manufacturing Corp (NYSE:FATH) is a 3D printing company. The company also provides plastic and metal additive manufacturing, computer numerical control machining, injection molding and tooling, precision sheet metal fabrication, design engineering, and chemical etching. Her hedge fund bought 886,752 shares of Fathom Digital Manufacturing Corp.
She does have a SPAC in her portfolio, Atlantic Coastal Acquisition Corp (NASDAQ:ACAH) is a blank check company formed for the purpose of finding opportunities in mergers, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination. Cathie Wood’s ARK bought 865,068 shares of the SPAC in the first quarter of 2022.
A 3D printing stock in her portfolio is Shapeways Holdings Inc (NYSE:SHPW) that provides digital manufacturing software solutions which makes industrial-grade additive manufacturing accessible by digitizing the end-to-end manufacturing process.
Another Israeli company in Cathie Wood’s portfolio, GenCell Ltd.(TLV:GNCL), it develops hydrogen alkaline based fuel cell systems and solutions that replace diesel generators with clean backup power for utilities, homeland security, healthcare and automated industries.
She purchased shares in Arbe Robotics Ltd (NASDAQ:ARBE) that makes sensing solutions for vehicles. The company claims that its chipset solutions provides car and Tier 1 companies with a sensing solution that is 100 times more detailed than any other radar on the market.
Cellebrite DI Ltd (NASDAQ:CLBT) is an Israeli digital intelligence company that she bought shares in the first quarter of 2022.[6]
