META - Meta's Unbelievable Moat Makes It Our Favorite Long-Term Big Tech Buy
2024-07-01 04:33:38 ET
Summary
- Meta's suite of social networking apps offers a compelling entertainment and communication platform for users and attractive advertising opportunities for marketers.
- Meta has shown resilience against regulatory and competitive pressures, and strong financial performance on the back of the company's incredible user network should continue.
- While Meta's valuation may appear expensive, we think the price is justified by the company's growth and profitability outlook.
- We rate META a 'Strong Buy'.
Despite writing over 175 articles on Seeking Alpha since joining this site in 2021 as an analyst, we've never covered Meta Platforms ( META ) as a standalone investment opportunity.
The company is relatively easy to wrap your arms around, with a compelling suite of social networking apps that provide an excellent entertainment & communication platform for users and a strong advertising proposition for marketers....
Meta's Unbelievable Moat Makes It Our Favorite Long-Term Big Tech Buy