Meta Platforms (FB) 02 (Jun 22 - Dec 26)

[winston]

not vested

Facebook - Stock Analyst Research
Target Price* 510.00

Meta Platforms Inc. - Solid results, but tough comparisons ahead

1Q24 results outperformed slightly, with META’s US$36.5bn revenue at the top end of its guidance range due to an acceleration in ad growth.

PATMI was above due to lower network delivery costs.

1Q24 revenue/PATMI were at 24%/25% of our FY24e forecasts.

1Q is historically the weakest quarter of the year.

+27% YoY ad revenue growth a result of increasing ad impressions (+20% YoY) and prices (+6% YoY), with AI-related content driving greater user engagement.

Higher CAPEX spending over the next two years as META develops more advanced models, and builds out its own silicon capabilities (MTIA Chip).

We keep our FY24e revenue/PATMI forecast unchanged but increase FY24e CAPEX by 10% (~US$3bn) to account for higher AI infrastructure spending.

As a result, our DCF target price is lowered to US$510 (prev. US$520), while we maintain ACCUMULATE.

Our WACC/growth rate assumptions remain unchanged at 7.1%/4.5%, respectively.

Source: Phillips

https://www.poems.com.sg/stock-research/META/

[winston]

not vested

Meta Stock: 3 Reasons This Stumble Is a Golden Buying Opportunity

By Sam Quirke

Shares have been consolidating after taking a dive after their latest earnings.

However, the fundamental and technical business case supports the long-term opportunity.

A flood of analysts also call this stock a roaring buy, and investors should be excited.

Source: MarketBeat.com

https://www.investing.com/analysis/meta ... s_headline

[behappyalways]

$META is a successful advertising company that keeps trying to pivot into other areas that often end up being cash furnaces (trying to make a mobile phone and other hardware, copying TikTok, copying Twitter, metaverse, AI, etc)
https://twitter.com/Mayhem4Markets/stat ... 7049292034

[winston]

not vested

Meta shares jumped about 7% in extended trading on Wednesday after the company beat Wall Street estimates for revenue and profit and issued a better-than-expected forecast for the current period.

The company reported second-quarter revenue growth of 22% from $32 billion a year earlier, marking a fourth straight quarter of growth in excess of 20%.

Advertising revenue, which comes largely from the Facebook and Instagram apps, rose 22% from a year earlier.

Net income jumped 73% to $13.47 billion from $7.79 billion, or $2.98 a share, a year earlier.

Meta provided revenue guidance for the third quarter of $38.5 billion to $41 billion, or $39.75 billion at the middle of the range.

Analysts were expecting a forecast of of $39.1 billion.

Source: Phillips

[behappyalways]

Meta Bans Russia's RT From Facebook, Instagram Following Biden Admin Directive
https://www.zerohedge.com/geopolitical/ ... -directive

[behappyalways]

Meta exposed AR glasses!
Jen-Hsun Huang praised: Only 100 grams of super powerful AI has taken the world by storm!
Zuckerberg spent a lot of money to grab Huida chips

Meta曝光AR眼鏡! 黃仁勳大讚:僅100公克超厲害 AI席捲全球! 祖克柏狠砸重金 瘋搶輝達晶片 │記者 林芷綺│【國際焦點】20240926｜三立新聞台

https://m.youtube.com/watch?v=zEbNPopMXxo

[behappyalways]

Challenge your wits! Meta’s first AR glasses prototype has eye-catching new AI features

挑戰智機! Meta首款AR眼鏡原型 AI新功能吸睛｜方念華｜FOCUS全球新聞 20240926 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=H5KALCwva-w

[behappyalways]

Meta video generation model "Movie Gen" is here
Focusing on generating high-quality videos from simple text, challenging OpenAI "Sora"
Meta has soared this year, and the stock has increased by more than 70%

Meta影片生成模型"Movie Gen"來了 主打簡單文字生成高品質影片 挑戰OpenAI"Sora" Meta今年變飆股漲逾7成｜非凡財經新聞｜20241006

https://m.youtube.com/watch?v=1rWUJYKmJcQ

[behappyalways]

Why Meta And Snap Are Betting Big On AR Glasses
https://m.youtube.com/watch?v=KUt6ktzSEVc

[behappyalways]

Meta Beats On Revenue, Misses On Ad Impressions, Raises CapEx Forecast; Stock Falls As Everyone Is Already Long
https://www.zerohedge.com/markets/meta- ... ne-already