Book Online or Call 1-855-SAUSALITO

Sign In  |  Register  |  About Sausalito  |  Contact Us

Sausalito, CA
September 01, 2020 1:41pm
7-Day Forecast | Traffic
  • Search Hotels in Sausalito

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Meta stock price could hit $700 by the end of 2025: Gene Munster

By: Invezz
meta stock price could hit $700 gene munster

The “right move” for investors is to “continue to hold Meta shares”, says Gene Munster. He’s a managing partner at Deepwater Asset Management.

Munster sees a 50% upside in Meta stock

Munster made the aforementioned comment a day after Meta Platforms Inc (NASDAQ: META) said its profit more than tripled in its fourth financial quarter (read more).

Speaking with CNBC this morning, he cheered the company’s recent quarter as one with “a lot of good things to talk about”. In fact, the Deepwater analyst now finds it conceivable for $META to be a $700 stock “over the next couple of years”.

It’s not his official price objective, though – at least for now, Munster confirmed.

Meta stock is up a whopping 17% in premarket on Friday after coming in well ahead of Street estimates on almost all fronts in its fiscal Q4.  

Watch here: https://www.youtube.com/embed/IpwRLNfNgQs?feature=oembedMunster hails Meta for announcing a dividend

Gene Munster was positively “surprised” last night when Meta Platforms Inc said it will pay 50 cents a share in dividend on March 26th.

He read it as “a sign they feel confident about the future”. The Deepwater expert also told clients in a research note today that things look good at $META “but will likely get better” moving forward.

On Thursday, Mark Zuckerberg – chief executive of the tech behemoth said he plans on going big on artificial intelligence which also contributed to Munster’s super bullish view on Meta stock.

⚠️ JUST IN:

*META CFO: WE DON'T EXPECT GEN AI PRODUCTS TO BE A MEANINGFUL DRIVER OF REVENUE IN 2024$META pic.twitter.com/0NQaqJtMmH

— Investing.com (@Investingcom) February 2, 2024

Note that the Nasdaq listed firm is committed to keeping a lid on hiring which will help in keeping costs under control as well.

The post Meta stock price could hit $700 by the end of 2025: Gene Munster appeared first on Invezz

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Photos copyright by Jay Graham Photographer
Copyright © 2010-2020 Sausalito.com & California Media Partners, LLC. All rights reserved.