$Meta Platforms, Inc.(META)$ M

Meta will likely bottom at around $400-high $300, closing the gap it has created from its last earning which one can see clearly on the technical chart.

While the market will soon realize that the company did make good profits from last quarter's, share price will creep back up soon enough. What one may really need to look out is the next few quarters, the out flow of capital going into R&D of their AI products will send painful reminders to what happen 2 years ago of how they've had with their metaverse investments. 🤞

Will You Bottom Meta at $400?

In contrast to Tesla, Meta's first-quarter performance greatly exceeded expectations but provided a pessimistic outlook. During the earnings call, Mark Zuckerberg spoke more about the outlook for AI, continuing to increase investments in artificial intelligence, and expecting further increases next year. Meta lost 15% in the extended market. ---------------- Will Meta continue to fall after the plunge? What's your target price for Meta? Will you bottom Meta at $400?

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JesseBerkeley
04-26
JesseBerkeley
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