Want To Bet On Ozempic, Wegovy Success? Defiance Introduces Leveraged ETF To Capture Novo Nordisk Momentum
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2024
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Source: Benzinga
Introduction of NVOX ETF: Defiance ETFs launched NVOX, the first single-stock leveraged ETF focused on Novo Nordisk, allowing investors to gain double daily exposure to its stock without needing a margin account, though it carries higher risks.
Novo Nordisk's Market Position: The company is a key player in the weight loss market with significant sales growth for its drugs Ozempic and Wegovy, making NVOX an attractive investment opportunity in a rapidly expanding industry.
Analyst Views on LLYX
Wall Street analysts forecast LLYX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LLYX 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: 25.290
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Current: 25.290
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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.
