Meta Platforms Continues Its Turnaround And Things Are Heating Up

Summary:

  • Meta Platforms has seen significant reductions in operational costs and increased free cash flow since implementing efficiency measures, with the potential for further cost reductions in 2023.
  • The company’s portfolio of apps continues to grow, with over a third of the global population utilizing Meta’s products and both daily and monthly active users increasing YoY.
  • Despite the recent rally, Meta’s shares may still have room for growth, with the possibility of reaching $325 in winter 2023 if market conditions are favorable and the company continues its positive trends.

Facebook Changes Its Name To "Meta"

Leon Neal

The rally continues for Meta Platforms (NASDAQ:META) from its overextended downturn. I was very bullish on the way down, and I am just as bullish on the way up. Since my article on 11/1/22 (

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