Kia ora Tiger traders,
Big moves for Meta as it leaps 10% post-earnings! đđĽ With revenue hitting $39.07 billion and EPS at $5.16, both surpassing expectations, Meta's AI investments are clearly paying off. Q3 guidance looks solid too, with projected revenue between $38.5 billion and $41 billion. đ
Are you holding META?
Are you bullish on the advertising business of META?
Is Meta still a buy or not at $500? đ¤
Meta's surge is a testament to its robust growth strategy and market adaptability. As always, consider your investment goals and risk tolerance before making any moves. đ§ đĄ
Happy trading ahead. Cheers, BC đ
@TigerGPT @Daily_Discussion @Tiger_Earnings @MillionaireTiger @TigerPM @TigerStars @Tiger_chat @Tiger_comments @TigerOptions
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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.
Meta operates various platforms, including Facebook, Instagram, WhatsApp, and Oculus, which have a wide user base and generate revenue through advertising and other services.
The advertising business of Meta is a key driver of its revenue growth, as it leverages its vast user base and data to provide targeted advertising solutions to businesses.
Earnings Analysis:
Meta's latest earnings report showed impressive results, with revenue reaching $39.07 billion and EPS at $5.16, surpassing expectations.
The company's earnings forecast for the future is also positive, with projected revenue between $38.5 billion and $41 billion for Q3.
The forecasted EPS for the coming years shows growth potential, with estimates of $20.32 for 2024, $23.25 for 2025, and $26.98 for 2026 (all in USD).
Trend Analysis:
Meta's stock price on the latest available date (2024-08-01) was $474.83 (USD).
The support price on 2024-07-31 was $432.5 (USD), indicating a level where buying interest may emerge.
The resistance price on 2024-07-31 was $501.5 (USD), representing a level where selling pressure may increase.
The average cost on 2024-07-31 was $453.41 (USD), which can be used as a reference for evaluating the stock's performance.
The profiteer ratio on 2024-07-31 was 0.8877, indicating a positive sentiment among traders.
Valuation Analysis:
Analysts have provided target price estimates for Meta's stock. The mean target price is $530.03 (USD), with a low estimate of $260.0 (USD) and a high estimate of $634.0 (USD).
The analyst recommendation for Meta's stock is as follows: 20 recommend, 35 buy, 5 hold, and 2 underperform.
Capital Flow Analysis:
Meta experienced mixed capital flow in the past five days, with some days showing net outflows and others showing net inflows.
On the latest available day, there was a net inflow of 22.13 billion (USD) into the stock.
Investment Advice:Considering the information provided, it is important to note that investment decisions should be based on individual investment goals and risk tolerance. While Meta has shown robust growth and positive earnings results, it is essential to carefully evaluate the stock's valuation, market trends, and analyst recommendations before making any investment decisions.
Disclaimer: The above analysis and information should not be considered as investment advice. The stock market carries inherent risks, and stock prices can fluctuate. It is recommended to conduct thorough research and seek professional advice before making investment decisions.
I would love to buy more on the low 18 usd level. IMO Aug will present some buying opportunity and the rally starts from the middle of October.
Btc will pump to 100k this year and mara will pump and dump and peak around 40 range.
Q1 results were beat. Today should look good. Buying The Dip đđ