Stock price of meta forecast current technical charts place the

US $282.00
List price US $292.000 (24% off)
777 sold
This one's trending. 24282 have already sold.
Breathe easy. Returns accepted.

Current technical charts place the stock price of Meta forecast on a breakout pattern above resistance at $480, with moving averages showing consistent upward momentum aligned to Nasdaq tech index gains. This is where Simply Wall St’s proprietary Fair Ratio comes in. The Fair Ratio is designed to provide a more balanced benchmark, factoring in Meta’s expected earnings growth, profit margins, industry, size, and risk level. For Meta, the Fair Ratio is 39x, meaning a higher multiple is justified based on its fundamentals. In addition to growing rapidly, the cash-rich company is shareholder-friendly. Meta is returning a lot of cash to shareholders. In the second quarter, the company repurchased approximately $9.8 billion of its stock and paid $1.3 billion in dividends. And the balance sheet ended the period with over $47 billion in cash, cash equivalents, and marketable securities, providing ample flexibility to keep investing in AI and returning capital. The stock price of Meta forecast suggests a bullish trend in Q3 2024, driven by stronger ad revenue projections and AI-driven monetization. Analysts from Goldman Sachs estimate Meta’s price could target $540 if EPS grows beyond $5.