In April, META was hammered after forecasting higher expenses and lighter-than-expected revenue in its quarterly result. Still, the stock has regained its mojo since bouncing back within striking distance of its all-time high. While META is an impressive business, it is one we feel is maturing. Many younger people no longer use its traditional platform, and we can see growth becoming harder and more expensive; hence, it’s not our favourite amongst the US “Super Six.”
- We can see META making fresh all-time highs in the coming months, but we wouldn’t be chasing such a move.
MM is cautiously bullish towards META US
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