The former Facebook, Meta Platforms closed up +1.5% overnight as investors liked what they heard from META late Wednesday. The tech giant reported fourth-quarter earnings and revenue that beat expectations, with sales surging +21% year over year which drove a +49% increase in earnings; it’s no surprise the tech giant has posted fresh highs this month.
- Zuckerberg ascribed the growth to better ad personalising, more user interaction across Meta’s platforms, and more advertiser demand. Astonishingly, 3.3 billion individuals use at least one of its applications everyday!
META is a stock that’s embraced Trump, with CEO Mark Zuckerberg lauding the new administration, saying, “We now have a U.S. administration that is proud of our leading companies and prioritises American technology winning.” He added that 2025 will be a year in which Meta can redefine its government relationships. On the analyst level, this remained bullish, with Goldman remaining upbeat with a $US765 target.
- We don’t really understand META enough the own it, and from a technical perspective, it might be a while before we see another +$US100 pullback as we did in early 2024 to set up better risk/reward
MM is bullish META
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