iShares US Infrastructure ETF (IFRA) shows strong momentum, led by Caterpillar, with a $64 price target.

The iShares US Infrastructure ETF (IFRA) remains a strong buy due to robust momentum and favorable sector trends, particularly driven by Caterpillar's 39% gain this year. IFRA trades at a PEG ratio supported by a 9.6% long-term EPS growth rate and a rising P/E multiple near 21x. The ETF is heavily weighted in Utilities and Industrials, sectors benefiting from AI-driven infrastructure demand. Technical and seasonal trends support a $64 price target, with expectations for new record highs as the upward trend continues.