On September 25, Direxion Daily META Bull 2X ETF rose 8.43% in regular trading, trading at $35.27/share, with turnover of $325 million. The leveraged ETF, which provides 2x daily exposure to Meta Platforms, surged as its underlying stock rallied on a wave of bullish catalysts from the Meta Connect conference.
On the news front, multiple Wall Street firms collectively raised their price targets on Meta following the Connect event. JPMorgan lifted its target from $820 to $920, while Raymond James and Cantor Fitzgerald both raised their targets to $860 from $650 and $680 respectively. The core thesis centers on the AI assistant Muse, whose monetization model is shifting from subscriptions to a transaction-based commission structure. CEO Zuckerberg disclosed that Meta will charge fees on transactions facilitated by Muse, potentially opening a multi-trillion-dollar growth curve beyond its core advertising business.
Additionally, Meta announced plans to release VR Glasses in spring 2027 at $1,299.99, expand its smart-glasses lineup to over 100 styles, and deepen partnerships with PayPal, Instacart, and Walmart to build out the Muse commerce ecosystem. The upcoming launch of the frontier model Watermelon further bolsters the AI narrative.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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