Meta Stock: Why It Jumped and Where It’s Headed

30
Comment
Favorite

Meta Stock: Why It Jumped and Where It’s Headed

TipRanks2022-11-08

The stock market can appear a cruel place at times. Case in point: Meta (META) shares jumped 6.5% on Monday after a Wall Street Journal article implied the social media giant is about to have a ...

Source Link

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.

Report

Comment

sunshinegirl
·2022-11-08
k
Reply
Like
Report
TigerHulk
·2022-11-08
Losses in Metaverse is still the root of the problem.
Reply
1
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1140195907?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-11-08 14:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1140195907","market":"us","top_or_hot":-1,"title":"Meta Stock: Why It Jumped and Where It’s Headed","media":"TipRanks","content":"<div>\n<p>The stock market can appear a cruel place at times. Case in point: Meta (META) shares jumped 6.5% on Monday after a Wall Street Journal article implied the social media giant is about to have a ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/meta-stock-why-it-jumped-and-where-its-headed\">Source Link</a>\n\n</div>\n","source":"lsy1606183248679","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Stock: Why It Jumped and Where It’s Headed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Stock: Why It Jumped and Where It’s Headed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-08 14:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/meta-stock-why-it-jumped-and-where-its-headed><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market can appear a cruel place at times. Case in point: Meta (META) shares jumped 6.5% on Monday after a Wall Street Journal article implied the social media giant is about to have a ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/meta-stock-why-it-jumped-and-where-its-headed\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"META","symbol_name":"Meta Platforms","start_time":0,"source_url":"https://www.tipranks.com/news/article/meta-stock-why-it-jumped-and-where-its-headed","article_id":"1140195907","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1606183248679","url":"https://www.tipranks.com/news/article/meta-stock-why-it-jumped-and-where-its-headed","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1140195907","pubTimestamp":1667888257,"sourceInfo":{"source_id":"lsy1606183248679","name":"TipRanks"},"weMediaInfo":null,"summary":"The stock market can appear a cruel place at times. Case in point: Meta (META) shares jumped 6.5% on","collect":0,"end_time":0,"defaultTopTitle":"tipranks.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"META":"Meta Platforms"},"translate_title":"元股票：它为什么上涨，它将走向何方","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"META":0.9},"content_text":"The stock market can appear a cruel place at times. Case in point: Meta (META) shares jumped 6.5% on Monday after a Wall Street Journal article implied the social media giant is about to have a massive round of layoffs.The report suggested that Meta could make thousands of job cuts later this week due to a general decline in advertising spending and losses in the company’s metaverse segment, which contributed to a lackluster Q3 earnings report and a bleak outlook for the near future.The cull would represent the first instance of a huge workforce reduction in the company’s history. Meta saw out Q3 with 87,000 employees on the payroll.The company might be ready to let go of a huge chunk of its personnel, but at the same time it has no intention cutting back on its ambitious metaverse plans.Its Reality Labs segment – which is home to the metaverse endeavor – has racked up losses of more than $9.4 billion this year but the company plans to keep on splashing out on it with Meta’s CFO anticipating Reality Labs’ operating losses will “grow significantly year over year.”The company’s pivot to the metaverse might be a head scratcher for some but not to Tigress Financial analyst Ivan Feinseth, who sees the “recent pullback in price as a major buying opportunity.”“Total daily and monthly active users continue to grow, and the Metaverse will emerge as a long-term growth driver,” the 5-star analyst went on to say. “Increasing strength in Reels, Messenger, and WhatsApp will continue to accelerate Business Performance trends, and ongoing Metaverse investment and development will drive significant long-term shareholder value creation.”Accordingly, Feinseth reiterated a Strong Buy rating on the shares, backed by a Street-high price target of $260. The implication for investors? Upside of a strong 169% from current levels.Overall, 24 other analysts join Feinseth in the bull camp but with an additional 10 Holds and 3 Sells, the stock gets a Moderate Buy consensus rating. Going by the $146.85 average target, invoestrs will be pocketing returns of 52% over the coming months.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9987666154,"gmtCreate":1667892454279,"gmtModify":1676537980704,"author":{"id":"3582674103522045","authorId":"3582674103522045","name":"sunshinegirl","avatar":"https://static.tigerbbs.com/44893534d6ffb8b8d6900cdb753dc751","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987666154","repostId":1140195907,"repostType":4,"repost":{"id":"1140195907","pubTimestamp":1667888257,"share":"https://www.laohu8.com/m/news/1140195907?lang=&edition=full","pubTime":"2022-11-08 14:17","market":"us","language":"en","title":"Meta Stock: Why It Jumped and Where It’s Headed","url":"https://stock-news.laohu8.com/highlight/detail?id=1140195907","media":"TipRanks","summary":"The stock market can appear a cruel place at times. Case in point: Meta (META) shares jumped 6.5% on","content":"<div>\n<p>The stock market can appear a cruel place at times. Case in point: Meta (META) shares jumped 6.5% on Monday after a Wall Street Journal article implied the social media giant is about to have a ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/meta-stock-why-it-jumped-and-where-its-headed\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Stock: Why It Jumped and Where It’s Headed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Stock: Why It Jumped and Where It’s Headed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-08 14:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/meta-stock-why-it-jumped-and-where-its-headed><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market can appear a cruel place at times. Case in point: Meta (META) shares jumped 6.5% on Monday after a Wall Street Journal article implied the social media giant is about to have a ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/meta-stock-why-it-jumped-and-where-its-headed\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms"},"source_url":"https://www.tipranks.com/news/article/meta-stock-why-it-jumped-and-where-its-headed","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140195907","content_text":"The stock market can appear a cruel place at times. Case in point: Meta (META) shares jumped 6.5% on Monday after a Wall Street Journal article implied the social media giant is about to have a massive round of layoffs.The report suggested that Meta could make thousands of job cuts later this week due to a general decline in advertising spending and losses in the company’s metaverse segment, which contributed to a lackluster Q3 earnings report and a bleak outlook for the near future.The cull would represent the first instance of a huge workforce reduction in the company’s history. Meta saw out Q3 with 87,000 employees on the payroll.The company might be ready to let go of a huge chunk of its personnel, but at the same time it has no intention cutting back on its ambitious metaverse plans.Its Reality Labs segment – which is home to the metaverse endeavor – has racked up losses of more than $9.4 billion this year but the company plans to keep on splashing out on it with Meta’s CFO anticipating Reality Labs’ operating losses will “grow significantly year over year.”The company’s pivot to the metaverse might be a head scratcher for some but not to Tigress Financial analyst Ivan Feinseth, who sees the “recent pullback in price as a major buying opportunity.”“Total daily and monthly active users continue to grow, and the Metaverse will emerge as a long-term growth driver,” the 5-star analyst went on to say. “Increasing strength in Reels, Messenger, and WhatsApp will continue to accelerate Business Performance trends, and ongoing Metaverse investment and development will drive significant long-term shareholder value creation.”Accordingly, Feinseth reiterated a Strong Buy rating on the shares, backed by a Street-high price target of $260. The implication for investors? Upside of a strong 169% from current levels.Overall, 24 other analysts join Feinseth in the bull camp but with an additional 10 Holds and 3 Sells, the stock gets a Moderate Buy consensus rating. Going by the $146.85 average target, invoestrs will be pocketing returns of 52% over the coming months.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9987688354,"gmtCreate":1667889088178,"gmtModify":1676537980192,"author":{"id":"4111448269923362","authorId":"4111448269923362","name":"TigerHulk","avatar":"https://community-static.tradeup.com/news/7e7eab37ff9d954e24641370934ae3c0","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":6,"crmLevelSwitch":1},"htmlText":"Losses in&nbsp;Metaverse is still the root of the problem.","listText":"Losses in&nbsp;Metaverse is still the root of the problem.","text":"Losses in Metaverse is still the root of the problem.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987688354","repostId":1140195907,"repostType":2,"repost":{"id":"1140195907","pubTimestamp":1667888257,"share":"https://www.laohu8.com/m/news/1140195907?lang=&edition=full","pubTime":"2022-11-08 14:17","market":"us","language":"en","title":"Meta Stock: Why It Jumped and Where It’s Headed","url":"https://stock-news.laohu8.com/highlight/detail?id=1140195907","media":"TipRanks","summary":"The stock market can appear a cruel place at times. Case in point: Meta (META) shares jumped 6.5% on","content":"<div>\n<p>The stock market can appear a cruel place at times. Case in point: Meta (META) shares jumped 6.5% on Monday after a Wall Street Journal article implied the social media giant is about to have a ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/meta-stock-why-it-jumped-and-where-its-headed\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Stock: Why It Jumped and Where It’s Headed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Stock: Why It Jumped and Where It’s Headed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-08 14:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/meta-stock-why-it-jumped-and-where-its-headed><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market can appear a cruel place at times. Case in point: Meta (META) shares jumped 6.5% on Monday after a Wall Street Journal article implied the social media giant is about to have a ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/meta-stock-why-it-jumped-and-where-its-headed\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms"},"source_url":"https://www.tipranks.com/news/article/meta-stock-why-it-jumped-and-where-its-headed","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140195907","content_text":"The stock market can appear a cruel place at times. Case in point: Meta (META) shares jumped 6.5% on Monday after a Wall Street Journal article implied the social media giant is about to have a massive round of layoffs.The report suggested that Meta could make thousands of job cuts later this week due to a general decline in advertising spending and losses in the company’s metaverse segment, which contributed to a lackluster Q3 earnings report and a bleak outlook for the near future.The cull would represent the first instance of a huge workforce reduction in the company’s history. Meta saw out Q3 with 87,000 employees on the payroll.The company might be ready to let go of a huge chunk of its personnel, but at the same time it has no intention cutting back on its ambitious metaverse plans.Its Reality Labs segment – which is home to the metaverse endeavor – has racked up losses of more than $9.4 billion this year but the company plans to keep on splashing out on it with Meta’s CFO anticipating Reality Labs’ operating losses will “grow significantly year over year.”The company’s pivot to the metaverse might be a head scratcher for some but not to Tigress Financial analyst Ivan Feinseth, who sees the “recent pullback in price as a major buying opportunity.”“Total daily and monthly active users continue to grow, and the Metaverse will emerge as a long-term growth driver,” the 5-star analyst went on to say. “Increasing strength in Reels, Messenger, and WhatsApp will continue to accelerate Business Performance trends, and ongoing Metaverse investment and development will drive significant long-term shareholder value creation.”Accordingly, Feinseth reiterated a Strong Buy rating on the shares, backed by a Street-high price target of $260. The implication for investors? Upside of a strong 169% from current levels.Overall, 24 other analysts join Feinseth in the bull camp but with an additional 10 Holds and 3 Sells, the stock gets a Moderate Buy consensus rating. Going by the $146.85 average target, invoestrs will be pocketing returns of 52% over the coming months.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":30,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}