META - Meta Platforms: Not Much Upside Left (Rating Downgrade)

2024-07-02 08:36:03 ET

Summary

• Meta's stock has been flat since April, but fundamentals remain strong with expected revenue growth and improved financial position.
• Recent earnings report showed impressive growth in revenue and EPS, with upcoming earnings expected to continue the positive trend.
• Valuation indicates that all positives are highly likely already priced in, and the fact that insiders are only selling also points that there is not much upside left.

Investment thesis

Meta's ( META ) stock has been flat since my previous bullish thesis . This compares to a 9% growth for the broader U.S. stock market since April, but short-term price movements might be misleading....

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