Best-Performing Leveraged ETF Areas of Last Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2025
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Source: NASDAQ.COM
Wall Street Performance: Last week, Wall Street saw significant gains with the S&P 500 up 2.9%, Dow Jones up 3.7%, and Nasdaq Composite up 2.5%, driven by factors such as a Gaza truce, easing inflation, and strong bank earnings, despite slower-than-expected retail sales growth in December.
Bitcoin and ETFs Surge: Bitcoin rebounded with a 9% gain, leading to substantial increases in related stocks like MicroStrategy and Coinbase, while several leveraged ETFs focused on these companies also reported impressive weekly gains, including the Defiance Daily Target 2x Long MSTR ETF which rose 43.7%.
Analyst Views on DPST
Wall Street analysts forecast DPST stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DPST is USD with a low forecast of USD and a high forecast of 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.
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Current: 125.320
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Current: 125.320
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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.
