META - Meta: The Only Mega Cap I'm Buying Price Target $630
2024-07-23 09:16:02 ET
Summary
- Meta Platforms, Inc. is the only mega-cap stock in my portfolio, with a price target of $630 by summer 2025.
- I believe in Meta's prospects and aggressive investment in AI, predicting around 18% CAGR in 2024.
- Meta's stock valuation at 22x next year's free cash flow is considered attractive for new investors, supported by strong free cash flow margins and balance sheet.
Investment Thesis
Meta Platforms, Inc. ( META ) is my only mega-cap stock. The next biggest stocks I own are PDD ( PDD ) and Arista ( ANET ), with market caps of $200 billion and $100 billion, respectively....
Meta: The Only Mega Cap I'm Buying, Price Target $630