META Price target of 543
Based on the trend Meta was on pre-covid, and after the fall in share price after heavy investment in the Metaverse, we are seeing Meta share price come back to fair valuations.
Especially when the management has shifted focus to investing heavily on H1000 GPUs form Nvidia, and currently have the largest order for GPUs in the industry.
Compared to the Metaverse investment, there is a more ready market for AI products, especially for Advertising usecases, which is Meta's core business.
Based on these macro economic factors as well as where the trendlines intersect, it would be realistic to expect Meta's share price to reach $540 by Nov 2024.$Meta Platforms, Inc.(META)$
Modify on 2024-07-31 03:21
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$600 bid by the end of August. Then the split will take us to $800 post-split. Bears inconsolable.
Earnings up 22% from 1 year ago. Not many companies can say that in this economy. META can.
Earnings just too good, and very undervalued compared to other big tech
I bought some because I think META will benefit big time from the Nov election.
Maybe will go back to 490 s and back to 530s
Great article
$META$