ETF Overview: ProShares - UltraPro QQQ (TQQQ) and Direxion Daily S&P 500 Bull 3X Shares (SPXL) are leveraged ETFs that aim to deliver 3x daily returns, with TQQQ focusing on the tech-heavy Nasdaq-100 and SPXL tracking the broader S&P 500.
Risk and Volatility: Both ETFs carry similar expense ratios and dividend yields, but TQQQ has a higher beta, indicating greater price volatility, particularly due to its significant exposure to the technology sector.
Investment Considerations: Investors should be aware of the higher risks associated with these leveraged ETFs, including potential severe fluctuations in the short term, and should consider maintaining a diversified portfolio and a long-term investment strategy.
Key Definitions: Important terms related to ETFs include daily leverage reset, beta (volatility measure), expense ratio (operating costs), and assets under management (total market value of fund assets).
Wall Street analysts forecast TQQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TQQQ 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 TQQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TQQQ 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: 52.730
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Current: 52.730
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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.
