![]() It doesn’t matter if you have $500 or $5 million. Wall Street Titan: Here’s My #1 Stock for 2023 The Best $1 Investment You Can Make Today More From InvestorPlaceīuy This $5 Stock BEFORE This Apple Project Goes Live Thomas Niel, contributor for, has been writing single-stock analysis for web-based publications since 2016. On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. Consider it a solid buy today, and a screaming buy on any weakness. While the next potential triple-digit move for shares may take some time to play out, META stock remains a strong opportunity for growth investors. In the event the company beats the high end of expectations, and experiences some multiple expansion, hitting $400, $450 or perhaps even $500 per share within the next two years could be within reach. If META merely sustains its current forward earnings multiple of 21, it may not take long for the stock to re-hit past all-time highs, hit during 2021. The high end of these forecasts call for earnings of $17.15 and $19.90 per share, next year and the year after next, respectively. Right now, sell-side consensus calls for Meta Platforms to report earnings of $14.80 per share in 2024, and $16.98 per share in 2025. Moderate success in AI, with Reels, and even with its metaverse efforts could help the company hit the high-end of analyst earnings forecasts for the next two years. The aforementioned catalysts are likely enough to drive further gains, even if they fail to fully play out. Having said this, a continued surge for META doesn’t hinge on an outright TikTok ban in the U.S. This would undoubtedly benefit Meta Platforms, both in terms of market share and revenue. I wouldn’t base a purchase of this stock on it, but if this ban holds up in court, it could pave the way for other state-level bans of the platform. ![]() With this, the company is now starting to “cash the check” by monetizing this feature.Īs you may have just heard, the governor of Montana recently signed into law the first state-level ban of TikTok in the U.S. The rollout of the Reels feature on Facebook and Instagram has already resulted in increased engagement. The latest in its rivalry with TikTok may also signal a growth resurgence for Meta’s flagship platforms. As Louis Navellier recently discussed, Meta, which has already built-out its artificial intelligence ( AI) infrastructure, may be able to quickly capitalize on this emerging trend. Alongside this factor, there are other potential tailwinds/growth catalysts. ![]() In 2021, the company reported earnings of $13.77 per share, versus $8.59 per share reported for the full-year 2022. This alone could get Meta Platforms back to its high-water mark of profitability. Why? For starters, economic conditions, which have negatively affected digital advertising demand since last year, could normalize over the next few quarters. Even so, this positive shift in the underlying story with the company may be poised to continue playing out. Meta Platforms has made major progress turning itself into a lean, mean, profit-making machine. What could lead to these additional gains? Let’s dive in and find out. Shares could add to recent gains in a big way, although chances are these additional gains would arrive much more gradually. InvestorPlace - Stock Market News, Stock Advice & Trading Tips However, while improvements to fiscal discipline are already likely reflected in Meta’s valuation, don’t assume that it’s middling returns from here following a “one and done” comeback for the stock. These include the implementation of widescale layoffs, as well as the company’s scaling back of its metaverse plans. Since last November, when META stock briefly traded for as low as $88.09 per share, this social media play has appreciated in value by over 176%.Īs I have noted previously, this comeback for shares in the Facebook and Instagram parent has been driven by success with cost-saving measures. Since the start of the year, Meta Platforms (NASDAQ: META) stock has nearly doubled in price.
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