Meta Platforms: Already On Its Way Back To All-Time Highs (Upgrade)


  • Meta stock fell into a bear market, but dip-buyers returned with conviction.
  • As a result, META is closing in on its all-time highs.
  • Meta’s ad business has already recovered, bolstering its capabilities to invest further in AI monetization.
  • Meta has a well-integrated AI tech stack, providing a vital boost against its smaller digital ad peers.
  • My previous Hold rating played out. I explain why I’m ready to return to the bullish camp with META’s all-time highs in the crosshairs.

Big Tech CEOs Testify At Senate Judiciary Committee Hearing

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Meta: Buyers Returned Quickly As It Fell Into A Bear Market

In my previous article, I urged Meta Platforms, Inc. (NASDAQ:META) investors to be cautious as we headed into Meta’s Q1 earnings release.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of META, AAPL 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.

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