1/20/2024 0 Comments Meta etf stock price targetThat gives it enormous leverage across its extant businesses, and a huge leg up as it moves to building out the metaverse. Over at Oppenheimer, analyst Jason Helfstein reminds clients that Meta Platforms remains the world's largest social networking company, with 3.7 billion monthly users across all properties. "Overall, while trends remain choppy and are also pressured by macroeconomics, we are at least hearing some early anecdotes of marketers and agencies bringing ad dollars back to Meta due to its scale and still strong return on investment," the analyst says. ![]() It could also be the case that recent revenue troubles are stabilizing at Meta Platforms, as Anmuth contends.Ītlassian Is a Zombie Stock Set to Go to Zero, Noted Tech Bear Says META stock is up 3.1% over the past month, vs. It's just possible, however, that valuation has finally put something of a floor under shares. In META's case, not too long ago it looked more like trying to catch a falling Guillotine blade with your neck. True, there's a Wall Street cliche warning folks about buying a stock when it's collapsing as META is: Don't try to catch a falling knife. Meanwhile, the Street's average price target of $154.19 gives META stock implied upside of about 28% in the next 12 to 18 months. That works out to a consensus recommendation of Buy, with fairly high conviction. Additionally, one analyst slaps a rare Strong Sell recommendation on shares. Of the 56 analysts issuing opinions on META stock tracked by S&P Global Market Intelligence, 27 rate it at Strong Buy, 10 say Buy, 16 have it at Hold and two call it a Sell. The analyst also raised his price target to $150 a share from $115, which gives META stock implied upside of about 24% in the next 12 months or so.Īnd Anmuth is hardly alone in his ardor for the Facebook parent. "eading into 2023, we believe some of these top- and bottom-line pressures will ease, and most importantly, Meta is showing encouraging signs of increasing cost discipline, we believe with more to come," Anmuth writes in a note to clients. Stocks get beaten down beyond reason when emotions overwhelm a focus on the fundamentals.Īnmuth, and many of his colleagues on the Street, say that the above is indeed the case with META stock. ![]() ![]() Selloffs are frequently overdone, after all.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |