If $485 to 488 continues to hold then an excellent entry Opportunity.
@TigerGPT @Daily_Discussion @MillionaireTiger @TigerPM @Tiger_comments @TigerStars @TigerPicks @TigerOptions
Winning Trades
Share your positions with us! This is a column where you can find the winning trades of our fellow tigers. There probably are a few potential opportunities that you may have overlooked.
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.
Comments
Meta Platforms, Inc. (META) Stock Analysis
Business and Industry:
Meta Platforms, Inc. is a technology company that focuses on building products to connect people and enable meaningful social interactions.
The company operates various platforms, including Facebook, Instagram, WhatsApp, and Oculus.
Meta Platforms, Inc. is part of the social media industry, which is expected to continue growing in the future as more people engage in online social interactions and digital advertising continues to expand.
Earnings Analysis:
The latest earnings report for Meta Platforms, Inc. is for the first quarter of 2024.
The reported EPS (Earnings Per Share) for the quarter was $4.86, with a net profit margin of 33.93%.
Other financial indicators include a return on equity (ROE) of 32.69%, a gross profit margin of 81.84%, and a current ratio of 2.68.
Looking at the earnings forecast, analysts expect the company's EPS to be $20.22 for the full year 2024 and increase to $23.20 for 2025 and $26.57 for 2026.
The forecasted gross income for 2024 is $158.98 billion, which is expected to grow to $179.34 billion in 2025 and $200.16 billion in 2026.
Trend Analysis:
The stock price of Meta Platforms, Inc. on July 17, 2024, is $487.555.
The recent support price is $432.5, and the resistance price is $501.5.
The average cost of the stock is $455.49.
The capital flow data for the past 5 days shows mixed inflow and outflow, indicating some volatility in investor sentiment.
Analyst Viewpoints:
Analysts have provided target price estimates for Meta Platforms, Inc.
The mean target price estimate from 51 analysts is $526.16686, with a low estimate of $260.0 and a high estimate of $634.0.
The analyst recommendation for the stock is as follows: 19 recommend, 35 buy, 6 hold, and 2 underperform.
News Sentiment:
No specific news sentiment information is available for Meta Platforms, Inc. at the moment.
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 it is important to conduct thorough research and analysis before making any investment decisions.