Meta shares now trade around $180, half of its peak in September 2021, but twice as much as the bottom of last Hallowe’en. This year so far, Meta has easily outpaced stalwart megatechs Apple and Microsoft which have climbed about 17% and 6.5% respectively. Meanwhile, Meta has jumped over 50%. The Nasdaq has risen only 7.4%. Read Silver linings in the SVB fall-out for our full analysis.
The PE has moved dramatically down and is now reasonable.
Zuckerberg is the most determined CEO to make money for his shareholders. He has cut spending--operational and capital expenditures.
High beta stock. Changed business plan. Spending $1B a month on the metaverse. Share buybacks, stock went up, but don't be fooled. Company today is not the one he bought, and that's a great reason to sell.
Bank of America called Meta defensive today. That's ludicrous. Meta is still betting the farm on the metaverse, a great unknown. Neither $118 nor the current $180 share prices are right, though. These megatechs are overbought.
Bought shares as company share price fell.
Expecting share price to appreciate as costs are cut.
$40 billion share buyback will help share price.
Will continue to hold shares.
Shares were off 64% off peak and had a terrible 2022. At end of 2022, the PE was under 15x. Their last quarrer offered a surprising beat, layoffs and a $40 billion big share buyback. It deserves its comeback. He expects some meaningful AI announcement coming.
Shares exploded higher tonight after reporting after the bell. Meta showed growth for the first time in a long time with its core business, Facebok, shower user growth as it cuts costs (layoffs) and plans to dramatically cut costs in 2023. Even Reels is doing well. A very good quarter.
FANG is dead. Names like Facebook have changed their names, anyway. Meta is a black box and not communicating. Have no idea how they're doing. Is Zuckerberg working on the metaverse, Reels or Instagram? Dunno. Good news is that shares have fallen to levels that are very cheap. If they spun off WhatsApp, the value proposition would be obvious. The only reason to own this for the break-up value.
Meta Platforms Inc / Facebook is a American stock, trading under the symbol META-Q on the NASDAQ (META). It is usually referred to as NASDAQ:META or META-Q
In the last year, 72 stock analysts published opinions about META-Q. 47 analysts recommended to BUY the stock. 19 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Meta Platforms Inc / Facebook.
Meta Platforms Inc / Facebook was recommended as a Top Pick by on . Read the latest stock experts ratings for Meta Platforms Inc / Facebook.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
72 stock analysts on Stockchase covered Meta Platforms Inc / Facebook In the last year. It is a trending stock that is worth watching.
On 2023-03-23, Meta Platforms Inc / Facebook (META-Q) stock closed at a price of $204.28.
In the space of just one week--SVB and Credit Suisse meltowns--we've gone from expecting the Fed from raising rates by 0.5% to cutting. It will be the most-anticipated Fed meeting (next week) in recent meeting. The next move is significant, and we don't know what. Their dilemma: raise or cut? When rates move up, it's hard to make money in stocks. Today, you had to buy food, drug and senior tech stocks like Meta. Drug stocks do well in recessions and pay dividends. Meta just announced a second round of mass layoffs. Billions of dollars in expenses will come out of Meta, while revenue will remain the same. Shares rallied yesterday and today and it's not done yet.