- Official Post
When I was pulled into the internet everyone was jounaling on Xanga and giving each other kudos. Social media sites were in thier infancy but breaking out across the internet.
Local Overview
High school was over 15 years ago and Myspace was highly relevant at the time. Little did I know that a new contender was vying for our attention. Facebook was gaining traction and people had started abandoning Tom.
Financials
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality and mixed reality headsets, augmented reality, and wearables worldwide.
Facebook went public in May of 2012 and since then has become a member of the S&P500 index. Initially FB, the stock ticker has been changed to META in October 2021. The stock sits at $666 @TOP which is funny because today is Halloween. The price to earnings ratio is 29.50 and 22.59 EPS. Beta is 1.2 showing some maturity with Meta in regards to its volititly compared to other tech stocks today. YTD earnings are a mellow 13.83% but across the past 5 years Meta is up 153%. Current price targets sit between 616 to 1,117 @TOP with an average of 848 for next year and is expected to outperform the stockmarket.
During 2025 there appears to be a large number of insider trades selling the stock. This could be an indicator of something to come or just the general volitility of tech stocks.
Entry Point
The stock is down $100 dollars today after the Q3 reporting didn't shine. I would argue that the entry point is coming in the next month given the previous drop of the stock a few months back. I'll bet the dip will hit the 500s in two weeks.
Closing Notes
While a super senior in tech, the stock could be considered available at discount at this time and is not immune to the volititly of the tech sector. The promise of outperforming next year is possible and should provide at least a 15% gain for shareholders if the year is not as drama ridden as this year in politics.
I don't see the boomers getting off Facebook anytime soon and the platform has a generation of middle-age adults with an account. Marks been fighting to create the metaverse and expanding into any new territory that comes about (sorry Snapchat) this ruthless business leadership sets META up to be relevant within the coming decade at least until Mark decides to retire.
Go all in boys!