Meta Platforms (META) Stock Forecast & Price TargetWithin a 100K Account Balance the split on Trade & Risk Management = 1/10% - 1/20% margin as an Execution Range, to set up an Order Entry and select a per Trade on Average, to avoid any drawdown hit regarding to Stop Loss & to execute Risk on Management Specifics. Trail Stop efforts are a Focus of Attention to the set up in general when Volatile-Price-Action is involved, mainly because of the usage of an Intraday-Scalp-Position tool on behalf on the Trade Plan in general
Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
*Meta Platforms Financial Overview
Meta Platforms's market cap is currently $1.29T. The company's EPS TTM is $17.409; its P/E
ratio is 26.75; and it has a dividend yield of 0.21%. Meta Platforms is scheduled to report
earnings on July 31, 2024 and the estimated EPS forecast is $4.72
*Meta Platforms Income Statement
Last quarter (Q1 2024), Meta Platforms's total revenue was $36.45B, an increase of 27.26% from
the same quarter last year. In Q1, Meta Platforms's net income was $12.37B
*Meta Platforms Balance Sheet
Meta Platforms's total assets for Q1 2024 were $222.84B, a decrease of -2.95% from the
previous quarter. META total liabilities were $73.31B for the fiscal quarter, a -4.11% a decrease
from the previous quarter
*Meta Platforms Cash Flow
META's free cash flow for Q1 2024 was $12.85B. For the 2024 fiscal year, META's free cash flow
was decreased by $-6.41B and operating cash flow was $19.25B
Conclusion | Trade Plan Execution & Risk Management on Demand;
Meta Platforms (META) Technical Analysis: Overall Consensus | Sell
META trade ideas
METADiamond Top or H&S? Either way often occurs at, or near market tops and can signal a reversal of an uptrend.
$META Upside PotentialNASDAQ:META is looking to the upsaide rn could be a nice chance to sell some premium here as its bouncing off support. whats your thoughts on NASDAQ:META
Incoming 40% correction for FacebookOn the above 10 day chart price action has rallied 500% since October 2022. It is somewhat unfortunate to see so many long ideas at the moment.
Motley Fool August 8th:
“Here's how Meta could achieve a $2 trillion valuation within three years, and if it does, investors who buy the stock today could earn a 67% return.”
Very misleading.
Why bearish?
Failed support. It is very clear to see, price action has broken through support and confirmed it as resistance. You can see this more clearly on the Log chart below.
Regular bearish divergence. Multiple oscillators now print negative divergence with price action across a 50 day period.
On the monthly chart below a hanging man candle print can be seen. Although the candle does not confirm until the end of the month there is a clear indication of buyer exhaustion. This is an important trend reversal indication.
Is it possible price action continues to rise? Sure.
Is it probable? No.
Ww
Log chart
Monthly hanging man candlestick
META Platforms Options Ahead of EarningsIf you haven`t bought META before the previous earnings:
Now analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the 465usd strike price Calls with
an expiration date of 2024-8-2,
for a premium of approximately $22.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
The Market Crashed. Meta Didn’tThe broader stock market fell sharply in recent weeks, but Meta Platforms has barely moved. Is it a positive sign?
The first pattern on today’s chart is the May 31 low of $454.16. The social-media giant held that level on July 25 as the Nasdaq-100 tumbled. It remained above it in subsequent sessions, even as the bigger index made new lows. That may suggest new support has been established.
Second, the recent low (this week) was the latest in a series of higher lows. That could be consistent with a longer-term uptrend.
META has also gone nowhere for half a year, which may create potential for prices to start moving again.
In fact, there could be signs the movement has begun. Notice how strong quarterly results pushed the stock above a falling trendline last week. MACD has just turned positive, as well.
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META: Heading Into Wave 3META finished intermediate Wave 2 on Aug 1. We finished minor Wave 1 of Intermediate Wave 3 down and are in an ABC correction that will complete Minor Wave 2 today or tomorrow. Expect Minor Wave 3 of Intermediate Wave 3 soon which will have the bulk of the selling with potentially a gap down.
PT 1 is 391
META gave my setup for shortMETA August 3rd I gave my setup for short. We are on the way with short. I set take profit at 361.9 and target at 295. Then I will see what happens with this market.
How will the upcoming recession impact META?NASDAQ:META
Although the macro environment is starting to look more negative for the equity market, I believe this to be one of the outliers that may still have some room to run.
Recent earnings showed a modest increase in spending designated for AI, which was a worry of mine going into earning with Zuckerberg's track record of overspending.
They seem to have investor focus with their current business model. This is truly a money printing machine.
At this time it's clear that any company wanting to spend ad dollars is turning to META first and will likely cut spending elsewhere. META's continued ability to help companies target their customers far exceeds that of any other ad-based company.
In addition to their improvements in ad revenue and daily active users across all their platforms, they have been able to make noticeable gains in both VR and AR markets.
How much longer until other hardware plays like Apple (AAPL) risk becoming obsolete? Obviously, it is way too soon to make a call against AAPL, but it seems they are behind the ball on everything they are rolling out. With AI helping developers create hardware, I think this may start cutting into AAPL's competitive advantage. If this ends up being true, META's development in hardware may begin to pay off.
Looking at the chart, it's hard not to see a double top with likely further downside coming in the future. This has also fallen below its 100-day MA and failed to hold levels above when retested it. If the downward pressure continues, I am going to be a huge buyer between $385 and $400. In the short term, I may buy some out-of-the-money puts with these targets and load up on calls if it retraces to the previous all-time high support.
Like the idea of where this is going for nowMACD crossover, room to run more on stochastic closing in on RSI, better coverage. It seems that on a bad day, due to the strength of the price based on guidance, Wall Street is seeing a continuation. I am bullish as BB shows still room on the upside, which has been the center of support and resistance.
META: Earnings and TechnicalsMETA jumped up to as high as 527 after earnings and quickly rejected resistance from April's highs. There are three things I am looking at with META stock. 1) the gap at 476 that will need to be filled and the gap at 392. 2) the fact that we could be in wave 3 down on the SPY which will cause a chain reaction throughout the market 3) The 1.618 Fibonacci retracement is set to around the area of the 392 gap that still needs to be filled.
I believe once this falls, it'll be one of the biggest gainers for PUT buyers.
PT1 474 and PT2 is 456
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.
7/31/24 - $meta - I'm a buyer into print7/31/24 :: VROCKSTAR :: NASDAQ:META
I'm a buyer into print
- low 20s PE for CAGR'ing close to 20% for the N2Y seems reasonable
- 4% fcf yield growing DD is way better than T's/ cash
- Llama and it's internal applications are transformative, and I suspect we'll hear a LOT about this
- Read this post and it pushed me over the edge in terms of what the main customers (ad buyers) are thinking:
x.com
- Has held up better among the mag7's in this recent dippity dip. Furthermore, after see'ing MSFT's print, reaction and re-bid (cloud miss b/c they couldn't meet demand that's coming 2H) gives me more confidence in the compute story and specifically for those who are monetizing the app layer > infra deployments i.e. META
lmk what you think. I've got a 50 bps position (trading) but willing to make it 1% over the day as we see how risk evolves and fed drives overall risk (remember the majority of moves are dictated by broader risk/ liquidity).
fwiw - i will be selling down some of my nvda/ tsm today after piling into it y/day. will still hold some exposure but will be taking some gains for being the odd one out and necking out. perhaps more to go, but prefer to remain nimble raising a bit more cash.
V
$META Mark Wind-Surf Summer $650 #PTAlways like META during election years, boomers need that Biden propaganda and NO BETTER SALESMAN then Mark...
No positions yet...
Eyes on a lot of good setups lately = bull market (moneys been printed imo for biden till november they can't have it crash or Trump is 100% instead of 66%...
Stay tuned for contract call outs... they've been bangers lately ie; NVDA , AAPL
"Wouldn't it be funny if it pumps up there end of summer into election, BIDEN LOSES, and META REJECTS!" (DJT when/if?) 5D chess
- Prophecies R Us
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.
META may start to go bullish?Meta shares jumped 7% after hours. This is because Meta's latest earnings report exceeded expectations across the board: revenue was $39.07 billion, up 22% year-over-year, and net profit was $13.465 billion, up 73%.
Technical speaking, Meta stock price has broken below the uptrend line and then found support at the previous gap down candle with high trading volume, initiating a rebound.
Currently, the price has rebounded to the resistance level around 476, which share same level with the lower edge of the previous gap .
If the price fails to break above this resistance level, it might probably drop more. on the contrary, it might start to go bullish after the valid breakout.
METAMETA is in bull trend with no divergence at top and testing its fib retracement of 0.5-0.618 while maintain its last HL
buy the dip with sl mentioned
META - those who missed it , this is your chance Read latest news here
Post trading hours, the company has fallen nearly 20% to reach the current price of 418.85.
I will be waiting patiently for the gap to be closed and see if there is bullish signals before going long.
Tech stocks have gone up a lot, short term traders will be smart to take profits, investors - chill and await good opportunities to accumulate.
METAWave analysis .We have golden area of up move either short one ending around 504 -519 representing C of zigzag then move down to 411.53 after break of 442.65 then 427.34
Other option is to continue up breaking 542.81 in motive wave of 5 parts to be discussed later
Good luck
ExhaustedYes, we are in a downtrend already. Are we? But today's fall was way to steep. Thus we could not fall below the 31st May low.
The stock is oversold and shall probably correct now.
META to 1,000 before Jan2026I feel this is early, but definitely bullish.
$1,000 long term IMO
Not financial advice, I like swinging and positioning.
META: The Tech Sector Still Has LifeMETA is not showing anything to me at the moment (give it a day or two), but I thought I'd post this for one of my followers. META is banded in what is becoming a wedge pattern. If it breaks below $442, expect to see $414. If it stays in the wedge, expect to see $489 again and even higher. My prediction is that it does stay inside the wedge being that the gap from February was mostly filled. This stock has always been volatile, so expect a big move come earnings. My bet is a big move up.
