Is Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2024
0mins
Should l Buy META?
Source: NASDAQ.COM
Invesco Russell 1000 Dynamic Multifactor ETF Overview: Launched in 2017, the Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) aims to outperform the Style Box - Large Cap Growth segment through smart beta strategies, focusing on stock selection based on fundamental characteristics rather than market capitalization.
Performance and Comparison: With over $5.32 billion in assets, OMFL has shown a gain of approximately 8.61% this year and 17.04% over the past year, while also having a competitive expense ratio of 0.29%. Investors may also consider other ETFs like Vanguard Growth ETF and Invesco QQQ for lower-cost options in the same market segment.
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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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