Meta: Zuckerberg 2.0 Still Getting A Lot Of Likes

Summary:

  • Meta Platforms printed another strong quarter after the close today.
  • META stock sold off a little in the immediate aftermath of earnings, but we remain bullish on the name in the medium term.
  • We rate META stock at Hold with a price target of $676.

street sign: Zuckerberg

Markus Volk

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.

Business relationship disclosure: See disclaimer text at the top of this note. Cestrian Capital Research, Inc is an affiliate partner of TrendSpider.

Cestrian Capital Research, Inc staff personal accounts hold no positions in META directly but do have exposure to the stock via ETF holdings in, inter alia, SPY, UPRO, TQQQ, CNDX, VUAG .

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