META

Meta Platforms Inc - Ordinary Shares - Class A

TMT


Presented:10/01/2024
Price:$576.47
Cap:$1,458.37B
Current Price:$586.27
Cap:$1,483.16B

Presented

Date10/01/2024
Price$576.47
Market Cap$1,458.37B
Ent Value$1,295.83B
P/E Ratio29.43x
Book Value$61.89
Div Yield0.26%
Shares O/S2,529.82M
Ave Daily Vol14,043,510
Short IntN/A

Current

Price$586.27
Market Cap$1,483.16B
Meta Platforms, Inc. engages in the development of social media applications. It builds technology that helps people connect and share, find communities, and grow businesses. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The FoA segment consists of Facebook, Instagram, Messenger, WhatsApp, and other services. The RL segment includes augmented, mixed and virtual reality related consumer hardware, software, and content. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004, and is headquartered in Menlo Park, CA.

Publicly traded companies mentioned herein: Meta Platforms Inc (META), Nippon Steel Corp (5401 JP), United States Steel Corp (X)

Highlights

The presenter is long shares of Meta Platforms Inc (META), believing the company is well-positioned with minimal headwinds and benefiting from continued strength in advertising spend. Given his comfort with the ad market through at least the first half of 2025, he turns his attention to the impact of a potential TikTok ban that doesn’t seem priced into consensus forecasts. His overarching view is that the US government seems to be increasingly prioritizing national security over other dynamics like free speech, creating a path to a finalized TikTok ban by the end of 2025, driving material upside to the Street’s 2026 EPS of $31 and 50%+ upside to the current $576 share price over the next year.

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Idea Discussion

Commentor 1 - 2 weeks ago

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