The Wahed FTSE USA Shariah ETF (HLAL) is an exchange-traded fund listed on Nasdaq that tracks the FTSE USA Shariah Index, a benchmark of large- and mid-capitalization U.S. companies screened to meet Shariah-compliant investing principles. Because HLAL is an ETF rather than an individual stock, it does not carry its own Wall Street analyst price targets the way a single company would. The $85 objective discussed here therefore comes from public market discussion and technical milestones, not from a published analyst consensus.
HLAL has no individual analysts publishing price targets on the fund itself. Instead, the $85 figure rests on a technical and psychological milestone that is widely referenced in public market discussion: a clean, round-number level that would mark a decisive breakout above the fund's prior record high of $76.87. It is also broadly consistent with the upper end of implied target ranges for HLAL's underlying holdings. TipRanks reports an implied 12-month average price target of about $74.48 based on the analyst targets assigned to the roughly 200 stocks the fund holds, while its high implied forecast reaches $89.57. The $85 target sits between these points and represents roughly a 16% advance from current levels — meaningful, but not detached from the fund's demonstrated volatility.
HLAL has traded recently near $73.50, within a 52-week range of $57.22 to $76.87. A move to $85 would imply roughly a 16% gain, which for an ETF that has delivered a one-year total return of about 26% to 27% qualifies as substantial rather than trivial. The fund's path is largely determined by its composition: technology accounts for roughly 57% of assets, with communication services adding about 13% to 14%. Top holdings include NVIDIA (NVDA) at around 12.5%, Apple (AAPL) near 12%, and Microsoft (MSFT) near 9.5%, alongside Alphabet, Broadcom, Meta Platforms, Micron, Tesla, and Eli Lilly. Reaching $85 would almost certainly require continued strength across these mega-cap names.
Several factors could support an advance toward $85. First, HLAL's Shariah screen excludes interest-based financials, leaving a structural overweight to technology, semiconductors, and communication services — sectors that have been the primary drivers of U.S. equity returns in the artificial-intelligence investment cycle. Second, the fund's largest positions have posted strong earnings growth and high return on invested capital, supporting the premium multiple. Third, HLAL has attracted steady inflows, with assets under management (AUM) approaching $1 billion. Finally, a stabilizing interest-rate environment generally supports long-duration growth equities, and any breakout above the $76.87 record high could draw technical buying interest.
The principal risks are equally clear. HLAL is highly concentrated, with its ten largest holdings representing roughly 60% of assets and the top two alone over 22%. The portfolio trades at a demanding price-to-earnings (P/E) ratio in the high-20s to low-30s, leaving limited room for earnings disappointments. Because the fund carries essentially zero financial-sector weight, it tends to underperform during cyclical, value-led rotations when banks lead the market higher. A slowdown in semiconductor or cloud capital spending, a broad multiple compression, or a sharp rise in interest rates could all weigh on the fund's mega-cap growth holdings and keep $85 out of reach.
Technically, the most important resistance level is HLAL's 52-week high of $76.87, which sits only a few percent above the current price and would likely need to be cleared before any move toward $85. Beyond that, $80 is a natural round-number hurdle. On the downside, the $70-to-$72 area, where the fund consolidated for much of mid-2026, represents a meaningful support zone, with the $57 area marking the lower end of the 52-week range. HLAL's beta of roughly 1.03 to 1.12 relative to the S&P 500 means it will tend to amplify broad-market moves in both directions.
Analyst price targets, where they exist, typically reflect a roughly 12-month research horizon; however, because HLAL's $85 objective is a technical and psychological milestone rather than a dated analyst forecast, no specific time frame should be assumed. Investors should monitor quarterly earnings from HLAL's largest holdings, particularly NVIDIA, Apple, Microsoft, and Broadcom, which move the fund more than any other names; Federal Reserve rate decisions; semiconductor and cloud capital-expenditure trends; and fund-flow data that signals whether investor appetite for Shariah-compliant U.S. equity exposure is expanding or contracting.
For investors tracking whether HLAL can build momentum toward higher levels, Tickeron's AI Daily Buy/Sell Signals offer a data-driven complement to fundamental research. The system uses artificial intelligence to continuously monitor thousands of stocks and ETFs, generating Buy, Sell, or Hold signals based on changing market conditions, technical behavior, and AI-driven analysis. Traders can use these signals to discover opportunities, monitor existing positions, and spot shifting trends more efficiently than manual screening alone. Exploring the AI Daily Buy/Sell Signals can help investors stay attuned to the momentum behind names like HLAL as market conditions evolve.
The question of whether HLAL can reach $85 ultimately hinges on the fund's concentrated exposure to U.S. mega-cap technology. The target is a realistic but substantial one — roughly 16% above current levels and above the fund's record high — and it is grounded in public market discussion and technical milestones rather than any analyst consensus. Supportive forces include strong earnings from the fund's largest holdings, steady inflows, and a generally favorable backdrop for growth equities. The principal obstacles are concentration, elevated valuation, and the structural absence of financials. There is no guarantee the fund will reach $85, and no specific time frame should be assumed; investors should watch the earnings of HLAL's top holdings, rate policy, and fund flows for the clearest signal of whether such a move is developing.
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
A.I.dvisor indicates that over the last year, HLAL has been closely correlated with BKLC. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if HLAL jumps, then BKLC could also see price increases.
| Ticker / NAME | Correlation To HLAL | 1D Price Change % | ||
|---|---|---|---|---|
| HLAL | 100% | -0.86% | ||
| BKLC - HLAL | 95% Closely correlated | -0.35% | ||
| SPY - HLAL | 95% Closely correlated | -0.37% | ||
| DFAU - HLAL | 93% Closely correlated | -0.35% | ||
| JUST - HLAL | 92% Closely correlated | -0.30% | ||
| RECS - HLAL | 92% Closely correlated | -0.63% | ||
More | ||||