Meta Platforms: Don’t Fret The AI Capex, Stay The Course

Summary:

  • In light of its Q3 2024 report, Meta Platforms, Inc. stock plunged by over 5% in today’s session, despite beating street estimates on top and bottom lines.
  • With Q4 sales guidance falling a little short of estimates, Zuckerberg & Co. returning to free spending ways seems to be rocking the boat for some investors.
  • However, Meta is delivering exceptional business performance, and remains an attractively valued cash printing machine!
  • In this note, I provide an updated valuation for META that suggests buying at current levels. Read on to learn more.

Meta European head office

Derick Hudson

Introduction

I last covered Meta Platforms, Inc. (NASDAQ:META) in April 2024, rating the social media/digital advertising giant a “Buy” amidst a significant post-ER dip:

While I expected META stock to fill out the gap at $400-450 in the near


Analyst’s Disclosure: I/we have a beneficial long position in the shares of META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


We Are In An Asset Bubble, And TQI Can Help You Navigate It Profitably!

Your investing journey is unique, and so are your investment goals and risk tolerance levels. This is precisely why we designed our investing group – “The Quantamental Investor” – to help you build a robust investing operation that can fulfill (and exceed) your long-term financial goals.

At TQI, we are pursuing bold, active investing with proactive risk management to navigate this highly uncertain macroeconomic environment. Join our investing community and take control of your financial future today. 

        JOIN THE QUANTAMENTAL INVESTOR

Leave a Reply

Your email address will not be published. Required fields are marked *