FMP
Sep 10, 2024 5:58 PM - Davit Kirakosyan
Image credit: FMP
DA Davidson analysts initiated coverage on Meta Platforms Inc. (NASDAQ:META) with a Buy rating and set a price target of $600 on the stock. The analysts highlighted Meta as a top pick within the mega-cap space, citing its emerging leadership in key future technology platforms and its attractive relative valuation.
DA Davidson’s price target implies a valuation of 24x 2025 earnings per share (EPS), a premium over Google, reflecting Meta’s stronger positioning. Despite Meta trading at 21x earnings, making it one of the least expensive mega-cap stocks, the analysts note that excluding the Reality Labs segment—where Meta has seen substantial losses—could lower the multiple to just 16x, offering downside protection.
The analysts acknowledge that while Meta faces short-term challenges, including tougher year-over-year comparisons, its reliance on certain advertising sectors, and the upcoming election cycle, the company's positioning for future growth in large technology platforms remains a significant long-term opportunity.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...