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Meta chart analysis Meta Platforms soared nearly 22% in late day trading on Thursday, nearing the $500B market cap level, after the Zuckerberg-led company's fourth quarter results and guidance were better than feared. The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish than expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. Rosenblatt Securities analyst Barton Crockett upgraded Meta to buy from neutral and raised his price target to $220 a share from $104, stating the company now has the "durability" to receive a premium earnings multiple. "With Meta reaching 3.74B people monthly, it has durability that over time could confer a premium multiple," Crockett wrote in a note to clients. To emphasize Meta's worldwide presence, Crockett added that the company's monthly reach is equal to 47% of the global population. Crockett said that another thing in Meta's favor is that company is "unlevered, and following the maturing company playbook to a normal mix of debt and equity could open up meaningfully higher share repurchase." In conjunction with its quarterly results and guidance, Meta announced a new $40B share buyback program. Bank of America analyst Justin Post boosted his rating on Meta to buy from neutral and raise his stock price target to $220 a share from $160, while praising the more efficient mindset from company management. J.P. Morgan analyst Doug Anmuth reiterated his overweight rating on Meta (META) and raised his price target to $225 a share, noting that the company is "building critical muscle" to operate as a disciplined company. Analysts were expecting Meta (META) to earn $2.23 per share on $31.69B in revenue. Zuck said the progress Meta is making on its artificial intelligence discovery engine and Reels is being seen in the strong engagement in its apps. we will have a little correction (zuck back) then ready for higher targets like 190, 195, 197 and 200$
NASDAQ:METALong
by moonypto
25
Meta Shares Surges on Impressive Q2 Earnings & AI-Driven FutureMeta Platforms ( NASDAQ:META ) experienced a notable 6% increase in its stock price following the release of its second-quarter earnings, which exceeded Wall Street expectations and presented an optimistic revenue forecast. The company's strategic investments in artificial intelligence (AI) are starting to deliver substantial returns, boosting confidence among investors.** Strong Financial Performance Meta reported a 22% increase in revenue for the second quarter, reaching $39.07 billion, up from $32 billion the previous year. This figure surpassed analysts' expectations of $38.31 billion. Additionally, the company's net income soared by 73%, rising to $13.47 billion, or $5.16 per share, compared to $7.79 billion, or $2.98 per share, in the same period last year. Analysts had predicted earnings per share of $4.73. For the upcoming third quarter, Meta anticipates revenue to range between $38.5 billion and $41 billion, with a midpoint of $39.75 billion, again topping the average analyst estimate of $39.1 billion. AI Investments Paying Off Meta's leadership, including CEO Mark Zuckerberg and CFO Susan Li, highlighted that the company's substantial investments in AI are already yielding positive results. Zuckerberg noted that AI is enhancing content recommendations and improving advertising effectiveness, which he believes holds significant future potential. The company's advancements in AI are expected to unlock new revenue opportunities, including higher ad conversion rates, new digital assistants, and multimodal content creation. Analysts at Baird emphasized that Meta's business remains robust, benefiting from years of AI-related investments. Similarly, Bank of America analysts view Meta as the leading AI player in the consumer internet space, citing evidence of strong ad growth and increased user engagement, particularly among younger demographics. Capital Expenditures and Future Prospects Meta has increased its capital expenditure forecast for the year to between $37 billion and $40 billion, up from the previous low-end estimate of $35 billion. This increase is primarily driven by spending on AI infrastructure, which is producing tangible business results. Barclays analysts noted that while the investment community is currently accepting the high AI capital expenditures, these investments are expected to bring new and exciting products that are not yet reflected in revenue forecasts. Market Reaction Meta's stock saw a premarket surge of over 7.5% following the earnings announcement. This rally marks a significant turnaround from the reaction to the previous earnings report in April when concerns over slower growth and high AI spending led to a sharp decline in stock price. The positive sentiment around Meta's recent performance and future prospects has reversed this trend. Meta's Frankfurt-listed shares also experienced a rise of more than 7%, indicating strong international investor confidence. Zuckerberg’s Wealth and Market Context Meta's strong performance has also positively impacted CEO Mark Zuckerberg's net worth, which increased by $4 billion to an estimated $166.6 billion. Zuckerberg is currently the fifth richest person globally, behind Larry Ellison, Bernard Arnault, Jeff Bezos, and Elon Musk. Broader Market Trends Meta's success stands out against a backdrop of mixed results from other tech giants. Microsoft, Tesla, and Alphabet (Google's parent company) all saw declines in their share prices following their recent earnings reports, reflecting investor skepticism about the immediate payoffs from their AI investments. However, Meta's results suggest that strategic and well-executed AI investments can indeed deliver substantial short-term benefits. Looking Ahead As Meta continues to leverage its AI capabilities to drive growth and innovation, the company's future looks promising. Investors will be keenly watching the upcoming earnings report from Amazon, another major player expected to reveal significant AI-related capital expenditures. The broader tech industry's focus on AI underscores the transformative potential of this technology, with Meta currently leading the charge in demonstrating its value. Conclusion Meta's impressive second-quarter performance and optimistic outlook highlight the company's successful navigation of the evolving digital landscape through strategic AI investments. As Meta continues to innovate and expand its AI capabilities, it stands poised to capitalize on new revenue opportunities and maintain its position as a leader in the tech industry.
NASDAQ:METALong
by DEXWireNews
META Shares Rise Above $500META Shares Rise Above $500 Yesterday, after the close of the main trading session, social media giant META reported its second-quarter results, significantly exceeding analysts' expectations: → Earnings per share: actual = $5.16, forecast = $4.72; → Revenue: actual = $39.07 billion, forecast = $38.26 billion; → Daily active users increased by 7% year-on-year to 3.3 billion; → Ad impressions grew by 10%, and ad prices increased by an average of 10%. CEO Mark Zuckerberg stated that the integration of AI across all platforms, including Instagram, WhatsApp, and Facebook, is driving engagement growth. Investors were undeterred by the fact that Reality Labs, the division focused on metaverse development, reported a loss of around $4.5 billion for the second quarter, bringing its total loss since its inception in 2020 to $50 billion. As a result, during after-hours trading, META’s share price rose by 7%, surpassing the psychological $500 level. What Could Happen Next? On 19 July, our analysis of META’s chart identified an ascending channel (shown in blue) and highlighted the importance of support at the $455 level. Since then, the share price attempted to break this level on 25 July, but this led to a surge in demand, with META’s price rising sharply and forming a candle with a long lower wick. In pre-market trading today, META's price is above $505, and the main session is likely to open around these levels. Technical analysis of META’s daily chart shows that: → The price is confidently returning within the channel boundaries; → Despite bearish signals from the July highs, strong fundamental data is helping bulls overcome these signals; → A broad bullish gap is likely to form on the chart, potentially serving as a support zone and aiding price movement within the current ascending channel. According to TipRanks, Wall Street analysts have a 12-month target price for META of $549, suggesting potential growth towards the median line of the channel. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:META
by FXOpen
2
META History repeating Double Bottom leading to $800.Meta Platforms (META) almost hit its 1D MA200 (orange trend-line) yesterday, a Support level that has been holding since February 01 2023. With the long-term pattern being a Channel Up since the November 04 2022 market bottom, yesterday's Low is similar to the Double Bottom on Meta's previous Accumulation phase on October 26 2023. That day's Low started the 2nd Bullish Leg of the Channel Up that peaked on April 08 2024 after a +95.14% rise. This is the exact same % rise as the Feb 24 2023 - July 28 2023 Bullish Leg, which was the 1st of the Channel Up. As a result, this is technically the most optimal buy opportunity on a long-term basis for META, with a technical Target at $800.00 (+95.14% as the previous 2 Bullish Legs). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Editors' picks
NASDAQ:METALong
by TradingShot
10
$META it was fun while it lasted. Sub $300 coming soon.NASDAQ:META had a good run, but now that run is coming to an end. I started buying puts today when price was at $524. I bought 6/21 $300P. There's a chance price could break the current highs, but it wouldn't change my bias. I think starting later this month, we're going to start to see a large move down in META. Overall, I think there's a possibility that price goes down below where it was in 2022 at the $78 level for a final bottom. I think it's also possible that it could play out this year. All that said, let's take things week by week from here. I'll probably buy some lottery tickets that expire end of year just incase the most bearish scenario plays out. Good luck to bulls from here on out. It's not going to be pretty.
NASDAQ:METAShort
by benjihyam
48
META Price Is Holding Around a Key Support Level.META Price Is Holding Around a Key Support Level. But for How Long? According to TipRanks, the average target price for META, as forecasted by Wall Street analysts, is $537.41 (a 12.94% increase from current levels) over the next 12 months. However, not all analysts remain positive. Craig Johnson, Chief Market Technician at Piper Sandler, issued a warning about the future of the "Magnificent Seven" stocks, which include Microsoft (MSFT), Apple (AAPL), NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Amazon.com (AMZN), and Alphabet Inc. (GOOG and GOOGL). "These charts are reversing, and they need further correction," he said on CNBC's Last Call programme. Indeed, the market is sending alarming signals regarding the leaders. Yesterday, we wrote about the increasing signs of bearish aggression on Nvidia's stock chart; today, we'll assess the price action of Meta Platforms Inc. Technical analysis of META's daily chart shows that since the second half of last year, the price action is best described by an upward trend (indicated by the blue channel). However: → The price has fallen into the lower half of the channel, and the median shows signs of resistance (judging by the price action from 8-10 July). → The formation of peaks A-B-C indicates a worrying trend: the price is unable to consolidate at the achieved peaks. We see only a slight excess over the previous maximum – a sign of bullish uncertainty. → Meanwhile, the bears are aggressive. Look at the bearish gaps (shown with red arrows) in July. How might the situation develop further? Currently, the META stock price is holding around the lower boundary of the trend channel, which is reinforced by the $455 level that previously acted as support (shown with blue arrows). But, given the aggressive activity of the bears, it is reasonable to assume that the lower boundary is under significant pressure. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:META
by FXOpen
2
Meta Platforms Unpacking Growth Potential Amidst Market HeadwindMeta Platforms presents a compelling case study for investors navigating a dynamic market environment. While robust analyst expectations for earnings growth paint a promising picture, recent stock price performance has lagged behind broader market trends. The key factors influencing Meta's trajectory, include: Market Underperformance: Meta's stock has exhibited relative weakness compared to the S&P 500 and the technology sector. Encouraging Earnings Forecasts: Analysts anticipate significant year-over-year growth in both EPS and revenue. Strategic Growth Initiatives: Meta's substantial investments in artificial intelligence (AI) and virtual reality (VR) technologies position the company for future expansion. Regulatory Landscape: The company faces potential headwinds from regulatory hurdles in Brazil and the possibility of stricter antitrust enforcement. Politically Charged Environment: The reinstatement of former President Trump's social media accounts adds a layer of complexity to Meta's public relations strategy. Financial Strength: Meta boasts a robust balance sheet with a high gross profit margin, demonstrating a strong financial foundation. Undervaluation Potential: Meta's current P/E and PEG ratios suggest potential undervaluation relative to its projected earnings growth. Key Discussion Points Will Meta's upcoming earnings report on July 31st meet or exceed analyst expectations? How will regulatory developments in Brazil and potential antitrust actions affect Meta's operations? Can Meta successfully translate its AI and VR investments into tangible revenue streams? To what extent will the evolving political climate impact Meta's user base and advertising revenue? Based on Meta's financial health and growth prospects, does the current stock price represent an attractive entry point?
NASDAQ:METAShort
by signalmastermind
🐲 The Roaring FAANG. Five Big Tech Stocks That Move The MarketFAANG is an acronym that stands for five major, highly successful U.S. tech companies: Meta (formerly Facebook), Amazon, Apple, Netflix, and Google. FAANG stocks' performance has a substantial effect on the overall market and comprises 15% of the S&P500 Index SP:SPX . If you follow the financial or business news, you may have seen or heard the term FAANG thrown around. No, it's not a misspelling or an animal's roar. It's an acronym that stands for five big companies — some might say the big companies — in the high-tech industry. The FAANG quintet consists of Meta (formerly Facebook), Amazon , Apple, Netflix and Google (Alphabet as an official corporate name). These corporations — all American, but with a global presence — are not only household names, they're financial behemoths. Their combined market capitalization is over $4 trillion. The blue-chip stocks of the tech sector, they collectively make up 15% of the Standard & Poor's 500 SP:SPX (an index of the largest public companies in the US). So they represent not only one of the US' most significant industries, but a sizable chunk of the US stock market itself. The origins of FAANG FAANG actually began as FANG. The origin of the acronym has been attributed to Jim Cramer, the financial TV host and co-founder of TheStreet.com. Known for his slangy abbreviations and catchy phrases, Cramer coined the term in 2013 to represent four tech stocks with outsized market appreciation. Cramer believed that these companies belonged together because they are all high-growth stocks that share the common threads of digitization and the web. Cramer's original term was just FANG — it didn't initially include Apple. The company joined the ranks in 2017, reflecting the growth of internet services (iCloud, Apple Music, Apple Pay) to its revenues. So the acronym became FAANG, and it's remained so. The five stocks of FAANG They need no introduction: The five stocks of FAANG are all familiar brands, whose products and services permeate our lives daily. They are also American corporate success stories — each has seen its stock shares experience triple-digit growth since 2015, and year-to-year as well. 👉 Meta ( NASDAQ:META ) is the social media maestro, owner of Instagram, WhatsApp, and its Facebook website. It has returned more than 190% over the past 12 months, and it is a # 1 over all S&P500 Index components with that amazing result. 👉 Apple ( NASDAQ:AAPL ), the sole product manufacturer of the group, with more than 36% yearly performance. 👉 Amazon ( NASDAQ:AMZN ), the world's largest e-store, has returned more than 65% over the past 12 months. 👉 Netflix ( NASDAQ:NFLX ), the superpower of streaming, has returned 44% TTM. 👉 Google — parent company Alphabet ( NASDAQ:GOOG , NASDAQ:GOOGL ) — has a name synonymous with internet searches and services. Its GOOG shares have increased by more than 43% in 12 months. Just to put these numbers in context: the S&P 500 has grown 17% over the past 12 months. So FAANG stocks have been at the forefront , significantly outperforming the broad market. Twelve months performance of FX:FAANG components vs S&P500 Index The bottom line The main technical graph (3-day chart for FX:FAANG stock basket, introduced by @FXCM provider, with 20% inception weight for every single component) illustrates perhaps right there happens the major breakout of 52-week highs, with further projected/ targeted upside price action.
FX:FAANG
by Pandorra
Can Meta's Threads Challenge the Social Media Giants?Meta's Threads, the text-based social media app launched with much fanfare a year ago, has reached 175 million monthly active users (MAUs). This milestone signifies a strong first year, but questions remain about whether Threads can truly challenge the social media titan, X. There's no denying Threads' impressive growth. Reaching 175 million MAUs within a year is a commendable feat. Mark Zuckerberg celebrated the achievement, highlighting India's role as a key driver of user engagement. The initial surge was phenomenal, with Threads reaching 100 million users just five days after launch. Growth has since stabilized, but the upward trend continues. However, comparing Threads to X is a different story. X boasts billions of users globally, dwarfing Threads' current reach. While 175 million is a respectable number, it's a fraction of X's user base. Furthermore, X has a well-established ecosystem of features, influencers, and deeply ingrained user habits. Despite its initial success, Threads needs to carve out its own niche and establish itself as more than just a "Twitter-like" offering from Meta. Several factors could influence Threads' future trajectory. • Feature Development: One crucial aspect is continuous development of compelling features. Threads' current offerings include text posts (up to 500 characters), photo and video sharing, and close friend groups. Adding features that cater to specific user needs and foster deeper engagement will be vital. • Monetization Strategy: Monetization is another key consideration. While Meta hasn't revealed concrete plans yet, a well-crafted strategy that doesn't intrude on user experience is essential. Subscription models or targeted advertising with clear user opt-in options could be potential avenues. • Competition: The social media landscape is fiercely competitive. Threads faces competition not only from X but also from established players like Snapchat and emerging platforms. Differentiation and a clear value proposition will be crucial for attracting and retaining users. • Integration with Existing Platforms: Leveraging the vast user base of Instagram, which is owned by Meta, could be beneficial. Cross-promotion and strategic integration, without forced migration, could introduce Threads to a wider audience. The current neutral outlook on META stock reflects the wait-and-see approach from investors. While Threads' initial growth is promising, it hasn't yet translated into significant revenue streams or user base expansion that would dramatically impact Meta's overall performance. In conclusion, Threads has had a promising first year. Its ability to challenge X, however, remains to be seen. Continuous innovation, a well-defined monetization strategy, and strategic differentiation will be key factors in determining its long-term success. Whether Threads becomes a true competitor or remains a niche offering within the Meta ecosystem will depend on its ability to navigate the competitive landscape and carve out its own space in the ever-evolving social media world.
NASDAQ:META
by bryandowningqln