Meta Platforms: 2024 Will Be Much Better Than Expected


  • Meta’s third quarter results exceeded expectations, but cautious guidance is keeping investors wary.
  • Despite a 168% surge, Meta remains the cheapest stock among its peers, with uncertainty surrounding its growth and increasing losses in the Reality Labs segment.
  • I expect Meta to answer doubters and come way ahead of 2024 estimates, which are too low and don’t reflect the company’s record high monetization and engagement levels.
  • I reiterate a Buy rating for Meta stock, with a price target of $400 a share.

Mark Zuckerberg Delivers Keynote Address At Facebook F8 Conference

Justin Sullivan/Getty Images News

Meta Platforms (NASDAQ:META) reported third quarter results that exceeded expectations handily, but the conservative guidance that followed has kept investors cautious.

Selling the stock now could be the embodiment of a ‘Cutting Your Flowers And Watering

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.

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