EXCLUSIVE: Meta's AI, Metaverse Growth Drive Launch Of New Direxion Leveraged And Inverse ETFs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2024
0mins
Should l Buy META?
Source: Benzinga
- Direxion's New ETFs: Direxion launched ETFs METU and METD to meet the demand for leveraged and inverse single stock ETFs, focusing on Meta Platforms Inc.
- Meta Platforms Inc Significance: Meta's growth in AI, metaverse, and social media makes it an attractive stock for traders seeking short-term gains.
- Impact on ETF Performance: Developments in Meta could influence the performance of METU and METD, offering traders various catalysts to consider.
- Trading Opportunities: METU and METD provide traders with opportunities to capitalize on Meta's price movements, whether bullish or bearish.
- Considerations and Risks: Egilinsky advises daily monitoring of these ETFs, understanding their mechanisms, and highlights that they are not suitable for long-term investments.
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Analyst Views on META
Wall Street analysts forecast META stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for META is 824.71 USD with a low forecast of 655.15 USD and a high forecast of 1117 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
44 Analyst Rating
37 Buy
6 Hold
1 Sell
Strong Buy
Current: 670.210
Low
655.15
Averages
824.71
High
1117
Current: 670.210
Low
655.15
Averages
824.71
High
1117
About META
Meta Platforms, Inc. is building human connections, powered by artificial intelligence and immersive technologies. The Company's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) and mixed reality (MR) headsets, augmented reality (AR), and wearables. It also helps people discover and learn about what is going on in the world around them, enabling people to share their experiences, ideas, photos, videos, and other content with audiences ranging from their closest family members and friends to the public at large. The Company's segments include Family of Apps (FoA) and Reality Labs (RL). FoA segment includes Facebook, Instagram, Messenger, WhatsApp and Threads. RL segment includes its virtual, augmented, and mixed reality related consumer hardware, software and content. Its product offerings in VR include its Meta Quest devices, as well as software and content available through the Meta Horizon Store.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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