Meta Platforms (META) has been on a downward trajectory since its latest quarterly earnings report, with the stock hitting its lowest level since May 9 on Friday—a six-month trading low.
Shares of META currently trade around $623.70, down 21.6% from its all-time high of $796.25 set on August 15.
As the mega-cap tech giant continues to pull back, the pressing question for investors is, when does META become a compelling buy?
Below is a breakdown of both bullish and bearish perspectives from Seeking Alpha analysts on what lies ahead for the stock.
The Bulls
SA analyst Deep Value Investing said: “I see a market overreaction… I expect shares to consolidate around $600 for a few weeks, before retesting ATHs, likely within 3–6 months,” in Meta: I’m Not Sweating A Drop After The Post Q3 Earnings Selloff.
SA analyst The J Thesis stated: “I upgrade META to Strong Buy with a 12-month price target of $850, reflecting a 38% upside and long-term opportunity for investors,” Meta: The Cheapest Stock Of Mag 7 Group With AI & Ad Engines Roaring.
The Bears
SA analyst Kevin George expressed: “Meta Platforms raised $30bn in debt to continue fund its aggressive AI expansion plans. Meta’s track record on investment does not fill me with confidence, and I believe that investors will turn negative on the outlook, relative to Mag. 7 peers,” in Meta Platforms: The Latest Splurge Is A Bridge Too Far.
SA analyst Alan Galecki noted: “Meta Platforms, Inc. remains a Strong Sell due to escalating Capex, falling free cash flow, and mounting financial commitments,” in Meta Q3: Strong Sell Thesis Confirmed.
Additional META Info
For investors looking for additional exposure to Meta Platforms, they can turn towards exchange traded funds as well. Listed here are the top funds allocated towards META: (FBL), (GXPC), (VOX), (FCOM), (METU), (IXP), (METW), (XLC), (LTL), and (QQQU).
Performance and Rating
- 1-Month: -14.6%
- 6-Month: -4.6%
- Year-to-Date: +5.7%
- SA Quant Rating: 3.23
- SA Analyst Rating: 3.85
- Wall Street Rating: 4.55