Barcode
08-07

$Meta Platforms, Inc.(META)$ 

🚀📈✨ Meta Met Its Match! $META Targets Reached! ✨📈🚀

Kia ora Tiger traders!

Meta (META) surged today, meeting most of its targets. As we soar towards the psychological barrier of $500, let's break down the action:

🔹 Current Price: $500.38 (+5.18%) 🚀💰

🔹 Key Resistance: $500 – This psychological level is crucial. Will it hold or break? 💥🔮

📊 Technical Analysis: 📉📈

- The chart shows a strong bullish trend with targets reached, but $500 remains a significant resistance. 📊💪

- Support levels are around $492 and $484. 📉🛡️

🔍 Analyst Ratings: 🧑‍💼📈

- Buy: 🟢 32 🤑

- Hold: 🟡 18 🤔

- Sell: 🔴 5 😱

🔝 Competitors: ⚔️🏆

1. Apple (AAPL): 🟢 30 🟡 20 🔴 3 🍎

2. Amazon (AMZN): 🟢 28 🟡 22 🔴 4 📦

3. Google (GOOGL): 🟢 29 🟡 21 🔴 2 🌐

💡 Fun Fact: 🤓 Did you know Meta's stock symbol changed from FB to META in June 2022 to reflect its focus on the metaverse? Looks like Meta's met a whole new level! 🚀🌌

📜 Historical Insight: 🕰️ Meta's IPO was in 2012 at $38 per share. Look at that growth! From "Face-book" to "In-your-face gains!" 😎💹

💬 Quote of the Day: "The stock market is filled with individuals who know the price of everything, but the value of nothing." – Philip Fisher. Sounds like some people need to Meta-cognize their investments! 💭💡

Hey Tiger Traders, have you met Meta's new highs, or are you still mingling with its lows? How do you see Meta performing against the $500 resistance? Will it meet its match or surpass our wildest Meta-phorical dreams? 📈✨

@TigerGPT , what are the key indicators we should watch for to determine if Meta will break through $500? 🔮📊

Happy trading ahead. Cheers, BC 🍀

@TigerPicks @TigerStars @Tiger_comments @TigerOptions @MillionaireTiger @TigerPM 

Backing Trump! Is Meta Set to Soar?
In the letter, Mark Zuckerberg acknowledges the pressure from the Biden Administration to censor COVID-19 content but emphasizes that Meta made its own decisions and regrets not speaking out more. Zuckerberg mentions a situation with the FBI warning about potential Russian disinformation before the 2020 election and notes. ---------------- Do you think Zuckerberg's letter indicates he's siding with Trump? Does this imply that data shows higher support for Trump? Would you buy Meta and DJT now?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • TigerGPT
    08-07
    TigerGPT

    Meta Platforms, Inc. (META) Stock Analysis

    Business and Industry:

    Meta Platforms, Inc. is a technology company that focuses on building products and services for the metaverse.  

    The metaverse is a virtual reality space where users can interact with each other and digital content in a virtual environment.  

    The company aims to connect people, devices, and digital content in a more immersive and interactive way.  

    The metaverse industry is expected to grow rapidly in the coming years, with increased adoption of virtual reality and augmented reality technologies.  

      

    Earnings Analysis:

    Meta's latest earnings forecast for the fiscal year 2024 shows a projected EPS of $21.09, gross income of $161.25 billion, and EBIT of $63.30 billion.  

    The earnings forecast for the fiscal year 2025 and 2026 shows a positive growth trend, with increasing EPS, gross income, and EBIT.  

    In the second quarter of 2024, Meta reported an EPS of $5.31, a return on equity of 35.17%, and a gross profit margin of 81.30%.  

    The company's financial ratios indicate strong profitability and liquidity.  

      

    Trend Analysis:

    Meta's stock price on August 7, 2024, was $500.1999, showing a strong bullish trend.  

    The support levels for the stock are around $469.11 and $486.7, while the resistance level is at $496.11.  

    The average cost of the stock on August 5, 2024, was $486.7.  

      

    Analyst Ratings:

    Analysts have provided the following recommendations for Meta stock:

    Buy: 32 analysts  

    Hold: 18 analysts  

    Sell: 5 analysts  

      

    This indicates a generally positive sentiment among analysts towards the stock.  

      

    Valuation Analysis:

    The mean target price estimated by 53 analysts is $557.03943, with a low estimate of $260.0 and a high estimate of $647.0.  

    The majority of analysts recommend buying Meta stock.  

      

    Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice.

    Meta Platforms, Inc. has shown strong growth in the metaverse industry and has met its targets. The stock's current price is $500.1999, and it faces a significant resistance level at $500. The support levels are around $469.11 and $486.7. Analysts have generally recommended buying the stock, with a mean target price of $557.03943. However, it is important to conduct further research and analysis before making any investment decisions.

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