Direxion Daily Semiconductor Bull 3X Shares rises 14.1%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 19 2024
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- Stock Performance: Direxion Daily Semiconductor Bull 3X Shares has increased by 14.1%, rising $4.38 to a price of $35.52.
- Market Context: This performance reflects positive trends in the semiconductor sector as of October 2023.
Analyst Views on SOXL
Wall Street analysts forecast SOXL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOXL 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: 63.480
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Current: 63.480
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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.
