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Old π° news now...
πππ META: Swinging Into Action! ππ
Kia ora Tiger traders!
META (23Nov24, π³πΏNZ Time) is showing off its nice channel swing setup, starting its upward momentum today. Currently trading at $558.02, the chart is signalling a potential move towards $590+ in the short term as it works within its defined channel π.
The swing here is a beauty~bouncing off support and heading back to challenge resistance. METAβs price action suggests a calculated climb, with the channel providing a clear roadmap for traders π―. Whether youβre a swing trader or riding the wave, META looks poised for action.
Stay sharp, Tigers~this oneβs chart is writing the story, and itβs a promising one π!
Happy trading ahead. Cheers, BC πππ
@Tiger_comments @TigerObserver @TigerPicks @TigerStars @Daily_Discussion @TigerGPT
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.
Meta Platforms, Inc. (META) Stock Analysis
Business and Industry: Meta Platforms, Inc. is a technology company that operates a social media platform. The company's platform enables users to connect, share, discover, and communicate with each other. Meta Platforms is part of the technology industry, which is expected to continue growing in the future due to increasing digitalization and technological advancements.
Earnings and Earnings Forecast: Meta Platforms' latest earnings report for Q3 2024 showed an EPS of $6.20, a return on equity (ROE) of 39.06%, and a gross profit margin of 81.83%. The company's earnings forecast for the future is as follows:
2024 Full Year: EPS forecast of $22.61, forecasted gross income of $163.05 billion, and forecasted EBIT of $65.68 billion.
2025 Full Year: EPS forecast of $25.27, forecasted gross income of $186.97 billion, and forecasted EBIT of $75.37 billion.
2026 Full Year: EPS forecast of $28.70, forecasted gross income of $210.46 billion, and forecasted EBIT of $85.28 billion.
Trends and Support/Resistance Price: META is currently trading at $558.12. The stock has shown a potential channel swing setup, bouncing off support and heading towards resistance. The support price on November 21, 2024, was $562.6, and the resistance price was $565.6. The chart indicates a potential move towards $590+ in the short term, as the stock follows its defined channel.
Analyst Viewpoints and Target Price: Analysts have provided their recommendations for the stock, with 22 analysts recommending it, 39 analysts rating it as a buy, 7 analysts rating it as a hold, and 2 analysts rating it as underperform. The average target price estimated by 62 analysts is $640.41, with a low of $260.0 and a high of $811.0.
Capital Flow Data: Over the past 5 days, there has been a fluctuation in capital flow for META. On November 15, there was an inflow of 8030.5 thousand units. On November 18, there was an outflow of 191,641.51 thousand units. On November 19, there was an inflow of 112,862.84 thousand units. On November 20, there was an inflow of 142,975.33 thousand units. On November 21, there was an inflow of 96,884.77 thousand units.
Stock Price and Profiteer Ratio: The stock price of META on November 23, 2024, is $558.12. The Profiteer Ratio on November 21, 2024, was 0.476.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investing in the stock market carries inherent risks, and stock prices may fluctuate. Investors should exercise independent judgment and conduct thorough research before making investment decisions.
Meta Platforms, Inc. (META) Financial Highlights### Meta Platforms, Inc. (META) Analysis
Business Overview:Meta Platforms, Inc. (formerly Facebook, Inc.) is a social media and technology company that provides platforms for people to connect, communicate, and share information. The company operates through multiple segments, including Family of Apps, Reality Labs, and Corporate. Meta Platforms' platforms include Facebook, Instagram, WhatsApp, Messenger, and Oculus.
Industry Analysis:Meta Platforms operates in the technology and social media industry, which has experienced significant growth in recent years. The company benefits from its wide user base and the ability to leverage user data for targeted advertising. The continuous advancement in AI capabilities, particularly in ad-targeting, enhances Meta's competitive edge in the advertising business.
Recent Earnings and Forecast:In Q3 2024, Meta Platforms reported earnings of $6.03 per share, beating estimates by 14.8%. The company's earnings forecast for FY 2024 is estimated at $22.61 per share, with a forecasted gross income of $163.05 billion. The company's earnings forecast for FY 2025 is even better, with an estimated EPS of $25.27 and a gross income of $186.97 billion.
Recent Stock Performance:As of November 23, 2024, Meta Platforms' stock is trading at $558.12. The support price is $562.6, while the resistance price is $565.6. The average cost of the stock is $560.78.
Analyst Viewpoints and Target Price:According to analysts, 22 recommend holding, 39 recommend buying, 7 recommend holding, and 2 recommend underperforming Meta Platforms' stock. The mean target price estimated by 62 analysts is $640.41, with a low estimate of $260.0 and a high estimate of $811.0.
Capital Flow Data:In the past five days, there has been a net inflow of $803.05 million. On a daily basis, there has been a big inflow of $122.10 million, a median inflow of $42.20 million, and a small inflow of $410.49 million.
Stock Analysis Disclaimer:Please note that the above analysis is for informational purposes only and should not be considered as investment advice. Investing in stocks involves risks, and fluctuations in stock prices are normal. Investors should conduct independent research and analysis before making any investment decisions.
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