2024-06-11 17:15:40 ET
Summary
- Since my previous coverage, the stock has gained about 1.75%, underperforming the S&P 500 by about 3%. In this updated article, I am empirically estimating the price target for 2027.
- Technical analysis shows strong upward momentum with no signs of reversal, supported by bullish crossovers and increasing on-balance volume.
- Regression analysis estimates a price target of $935 by 2027, indicating an 86.2% growth potential; the company's growth levers include growing user base and innovative products.
Investment Thesis
Since my previous bullish thesis dated March 5th, 2024, on Meta Platforms Inc. ( META ) the stock has gained about 1.75%, slightly underperforming the S&P 500 by about 3%. In my previous coverage, I was mostly focused on company-specific factors in estimating my price targets. In this updated article, I will blend a technical approach with a regression model to get a more comprehensive and empirically supported price target. With my statistical model, I will create a balance between company-specific growth factors and macro factors to have a balanced analysis....
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For further details see:
Meta: Regression Analysis Shows Double Digit Price Growth By 2027