Leveraged ETFs Boom and Bust at Once as Wall Street Reshuffles Price Targets

A record pace of leveraged-ETF closures, fresh analyst price-target moves, and Cracker Barrel's leadership fallout highlighted a choppy session for individual stocks and niche products.

Leveraged ETFs: Booming and Busting at Once

Exchange-traded funds designed to make magnified bullish and bearish bets on stocks and other markets are closing down at a record pace in 2026, even as the leveraged-ETF category as a whole continues to boom.

Analysts Reshuffle Price Targets

TD Cowen cut its price target on Intuit to $304 from $504, while UBS double-upgraded Zimmer Biomet to Buy with a $115 target, among Tuesday's notable analyst calls.

Disney vs. Salesforce: The Dip-Buy Debate

Disney trades at a P/E of 14 versus 19 for Salesforce, with an earnings yield of 7.15% against Salesforce's 5.24%; Disney closed at $96.65 on July 27, down 15.1% year to date, while Salesforce closed at $173.60, down 34.5% year to date. Salesforce's Agentforce AI product reached $1.2 billion in annualized revenue, up 205% year over year, fueling 13% revenue growth and a 37% jump in net income.

Cracker Barrel's Leadership Fallout

A fight over Cracker Barrel's logo redesign marked the beginning of the end for its CEO, as the chain weighs appealing to its most loyal diners against the risk of alienating them by breaking from its roots.

Sources

• Leveraged ETFs are booming in 2026. But they’re also being shut down at a record pace. (marketwatch)
• Here Are Tuesday’s Top Wall Street Analyst Research Calls: Boston Scientific, Clorox, CrowdStrike, Exxon Mobil, Honeywell International, Intuit, Intuitive Surgical, Levi Strauss, and More (yahoo_finance)
• Disney or Salesforce: Which Beaten-Down Dow Giant Is the Smarter Dip-Buy? (yahoo_finance)
• How the fight over Cracker Barrel’s logo marked the beginning of the end for its CEO (marketwatch)

Not investment advice.