![]() ![]() As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. ![]() If CEO Mark Zuckerberg and company can pull this off, META stock will have proven to be an absolute steal during what has become a truly dark period for long-term shareholders.ĭan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.Ī long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. On the other hand, the idea is to buy low. Whether Meta Platforms can pull out of this nosedive very much remains to be seen. And even META stock optimists acknowledge this is going to be a show-me stock for several quarters, at the very least. That's the bull case – or part of it – anyway. If Meta Platforms can deliver higher-than-expected monetization via Instagram, Stories and video, as well as monetize its new e-commerce function and generate greater-than-expected user engagement, shares will one day look ridiculously cheap at current levels. "While META's historical advantage has been the social graph and the ability to share and follow pictures and videos uploaded by users, the company now believes it must evolve to use advanced algorithms to deliver content to users and leverage its social graph in the Metaverse," writes Helfstein, who rates the stock at Outperform (the equivalent of Buy). That 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.
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