Professional
Added to YB: 2024-02-27
Pitch date: 2024-02-26
META [bullish]
Meta Platforms, Inc.
+35.13%
current return
Author Info
No bio for this author
Company Info
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses in the United States, Canada, Europe, Asia-Pacific, and internationally.
Market Cap
$1.6T
Pitch Price
$477.15
Price Target
N/A
Dividend
0.35%
EV/EBITDA
15.41
P/E
27.38
EV/Sales
8.11
Sector
Interactive Media and Services
Category
turnaround
FPA Crescent Fund Portfolio Holding - Meta Platforms, Inc.
META rebounding in '23: ad revenue & engagement up, operating profits rising on productivity push. Reality Labs still a drag, but Meta poised to be a leader in AI arms race. Profitability improving but held back by metaverse investments for now.
Read full article (1 min)