$Meta Platforms, Inc.(META)$ M

$Meta Platforms, Inc.(META)$ Meta’s earnings beat concerns toward tech stocks after it unveiled its 4th quarter results Thursday. In addition announcing its first ever dividend payment of 50 cents a share on March 26.

Analysts were right to anticipate robust improvements in both EPS and revenue. As of Thursday 1 February 2024:

- [ ] Earnings Per Share (EPS): $5.33

- [ ] Revenue: $40.1 billion

Revenue jumped 25% from $32.2 billion in the last quarter compared to a year earlier.

On the digital advertising front Meta lost its grip over to other new entrants and rivals Amazon, TikTok, Microsoft and Apple. No longer had the dominance it used to enjoy as a duopoly with Alphabet.

Meta is currently trading at $454.85 USD per share, surpassing the $400 mark before earnings. Analysts expect Meta to have an average price of $426.11, a high of $470 and a low of $370 in the next 12 months.

My target price would be the average price of $426.11.

Meta $1Trln Market Cap: $500 is Within Reach?

META delivered a surprising and stellar earnings with historical 20%+ surge in Friday trading, adding $205 billion in its market cap. The company significantly raised guidance, and announced first-ever $50 billion share buyback and a $0.5 per share dividend. --------------- How will Meta move after earnings? Will Meta head to $500 in Feb.? Are you bullish on social media stock?

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In addition announcing its first ever dividend payment of 50 cents a share on March 26.\nAnalysts were right to anticipate robust improvements in both EPS and revenue. As of Thursday 1 February 2024:\n- [ ] Earnings Per Share (EPS): $5.33\n- [ ] Revenue: $40.1 billion \nRevenue jumped 25% from $32.2 billion in the last quarter compared to a year earlier.\nOn the digital advertising front Meta lost its grip over to other new entrants and rivals Amazon, TikTok, Microsoft and Apple. No longer had the dominance it used to enjoy as a duopoly with Alphabet.\nMeta is currently trading at $454.85 USD per share, surpassing the $400 mark before earnings. Analysts expect Meta to have an average price of $426.11, a high of $470 and a low of $370 in the next 12 months. \nMy target price would be the average price of $426.11.</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$&nbsp;</a> Meta’s earnings beat concerns toward tech stocks after it unveiled its 4th quarter results Thursday. In addition announcing its first ever dividend payment of 50 cents a share on March 26.\nAnalysts were right to anticipate robust improvements in both EPS and revenue. As of Thursday 1 February 2024:\n- [ ] Earnings Per Share (EPS): $5.33\n- [ ] Revenue: $40.1 billion \nRevenue jumped 25% from $32.2 billion in the last quarter compared to a year earlier.\nOn the digital advertising front Meta lost its grip over to other new entrants and rivals Amazon, TikTok, Microsoft and Apple. No longer had the dominance it used to enjoy as a duopoly with Alphabet.\nMeta is currently trading at $454.85 USD per share, surpassing the $400 mark before earnings. Analysts expect Meta to have an average price of $426.11, a high of $470 and a low of $370 in the next 12 months. \nMy target price would be the average price of $426.11.</body></html>","text":"$Meta Platforms, Inc.(META)$ Meta’s earnings beat concerns toward tech stocks after it unveiled its 4th quarter results Thursday. In addition announcing its first ever dividend payment of 50 cents a share on March 26. Analysts were right to anticipate robust improvements in both EPS and revenue. As of Thursday 1 February 2024: - [ ] Earnings Per Share (EPS): $5.33 - [ ] Revenue: $40.1 billion Revenue jumped 25% from $32.2 billion in the last quarter compared to a year earlier. On the digital advertising front Meta lost its grip over to other new entrants and rivals Amazon, TikTok, Microsoft and Apple. No longer had the dominance it used to enjoy as a duopoly with Alphabet. Meta is currently trading at $454.85 USD per share, surpassing the $400 mark before earnings. Analysts expect Meta to have an average price of $426.11, a high of $470 and a low of $370 in the next 12 months. 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