We’re Raising Our Price Target on This Cybersecurity ETF Plus a quick word on ETFs, their strategies and purity levels. You've reached your free article limit You've read 0 of 1 free Pro articles. After lifting our Apple (AAPL) price target yesterday, we are making further progress revisiting a few other Pro Portfolio holdings, including the First Trust Nasdaq Cybersecurity ETF (CIBR). Our underlying thesis for the ETF is that cyberattacks are on a growth vector that is being amplified by the rising adoption and expanding usage of AI by bad actors. We’ve shared numerous examples of that, and odds are that volume of signals isn’t going to slow down much, if at all. That growing cybersecurity pain point, as companies and other entities look to protect their assets, IP, and other crown jewels, is expected to drive cybersecurity spending to more than $520 billion by 2031. The math behind that equates to a 7.6% compound annual growth rate over the ensuing years. Backing that forecast from the Futurum Group is a survey of more than 900 enterprise cybersecurity buyers globally. The survey’s findings flagged cloud security, security operations and governance, risk and compliance, data security and application security as the fastest-growing segments inside that spending. Reviewing that list, we continue to favor the diversified exposure CIBR brings to the Portfolio, and we are raising our price target to $105 from $85. As we make this move, we are also adjusting our CIBR checkpoint to $75 from $70. As holdings in CIBR’s basket report their quarterly results, we’ll look to revisit those figures as needed. Before we move on, let’s take a moment to discuss CIBR’s holdings and share a thought or two on purity levels. For those unfamiliar with the term “purity levels,” we’re referring to the degree to