Meta Platforms Earnings Report: Meta Platforms' shares dropped over 12% after the company reported earnings that did not meet expectations, significantly impacting the tech-heavy Nasdaq Composite and investor sentiment.
Impact on ETFs: The decline in Meta's stock affected 637 exchange-traded funds (ETFs) that collectively own over 309 million shares, demonstrating Meta's substantial influence on tech-focused markets.
Top ETFs with Meta Exposure: The article lists the top 10 ETFs with the largest allocations towards Meta, including GraniteShares 2x Long META Daily ETF (99.96% allocation) and Global X PureCap MSCI Communication Services ETF (26.45% allocation).
Meta's Performance Metrics: Over the past month, Meta's stock has decreased by 9.6%, while it has seen a 20.1% increase over the last six months and a 12.5% rise year-to-date, with various ratings reflecting its performance.
Wall Street analysts forecast XLC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLC 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.
0 Analyst Rating
Wall Street analysts forecast XLC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLC 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.
0 Buy
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0 Sell
Current: 114.630
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Current: 114.630
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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.
