Home
News
- 1 Meta aims to dominate the VR and AR markets with its Meta Quest 3 and its upcoming AR glasses in 2027.
- 2 The stock stayed above moving averages and as the company reported fantastic Q3 earnings.
Meta Platforms, Inc. builds technology that assists people in connecting with each other, finding communities, and even helping to grow user’s businesses. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The Family of Apps segment consists of social services apps. The Reality Labs segment includes consumer hardware and software which are related to augmented and virtual reality.
Meta stock’s market price increased by 1.20% and last traded at $314.60 in the previous session. Trading volume was 16.764 Million shares, which was below its 10-day average of 28.249 Million shares. Meanwhile, the company had a market value of $808.479 Billion.
Going forward, Meta in the upcoming years, is likely to reduce its reliance on the FoA segment and focus increasingly on its Reality Labs. Also, Reality Labs is expected to become profitable in upcoming years and Meta could attain astonishing growth with the RL segment’s assistance.
Meta stock has been performing well lately. It surged by 5.31% this month and by 35.46% in the last 6 months. Moreover, the stock rose by 156.15%, since the start of the year; and by 249.255% in the past 52 weeks.
The main objective of Meta is to dominate the VR and AR markets with its Meta Quest 3 and its upcoming AR glasses in 2027. Furthermore, it plans to create a Metaverse that might connect 1 Billion people by the end of 2030.
Meta Earnings Report Q3’23
For the September period, Q3 report showcases that META’s reported EPS crossed the consensus estimate by 20.49%. The reported EPS and estimate are $4.39 and $3.643, respectively.
Further, META’s reported revenue surpassed analysts’ estimates by 1.69%. The reported revenue and estimate are $34.146 billion and $33.579 billion, respectively.
In addition, the consensus estimates for the next quarter’s revenue and EPS shows a boost in future prospect. The next quarter’s revenue is estimated to be $39.90 Billion while the estimated EPS is $4.833.
The balance sheet shows that its assets have increased and its DTA ratio has declined, which is a healthy sign. Meanwhile, its income performance was also better as compared to Q2. The net income and profit margin also displayed considerable growth in the stock.
Meta Price Prediction For 2023-2030
Meta Price Prediction For 2023
The price action shows a sharp rally since the start of the year. However, the uptrend was violated at the $326 resistance level by July 2023, from where it dropped to the support level at $275. From this level, the price has shown strength.
The price is above all the major EMAs. If in the last two months of the year, META stock price rises, it could reach a potential high of $329. Meanwhile, the average would be $297 and a potential low at $265.
Meta Price Prediction For 2024
Since, the high of $329 Meta would be achieved by 2023, and the next potential high of $362 could be achieved in 2024. The investors would get 10.03% ROI from the investment made in 2023. Meanwhile, the potential average could be $297 and the potential low could be $265.
Meta Price Prediction For 2025
If it successfully achieves a high of $460 the probable YOY change would be 27.07%. The likely ROI that it will give investors would be 39.82% in 2025. Moreover, the potential average would be $394 and the potential low would be $329.
Meta Price Prediction For 2026
The price could skyrocket in 2026 and reach a high of $414 with an ROI of 25.84% and the average could be $351 and low of $289.
Meta Price Prediction For 2027
In 2027 the price could achieve the Potential high of $485 with a YOY change of 17.15% and a potential ROI of 47.42% as per the investments made in 2023. Meanwhile, the potential average could be $380 and the low could be $276.
Meta Price Prediction For 2028
Moreover, if the price achieves a high of $485 in 2027, the next high for 2028 would be $621 with a potential ROI of 88.75% and a year-over-year change of 28.04%. The expected average could go up to $524 and low would be $428.
Meta Price Prediction For 2029
The price prediction for 2029 showcases that the next potential high would be $596 and average could be $544 and the low could be $493.
Meta Price Prediction For 2030
By the end of 2030, the price could give investors a delight of 112.77% return on their investment (ROI) by reaching a potential high of $700. Meanwhile, the average could go up to $562 and the potential low could go up to $425.
$700 and 112% ROI, Can Meta Deliver by End Of 2030?
Meta is predicted to reduce its focus from FoA and eventually increase its Reality Labs revenues significantly. The main objective of the Meta is to dominate the VR and AR markets with its affordable Meta Quest 3 and its upcoming AR glasses in 2027.
Meta plans to create a Metaverse that might connect 1 Billion people by 2030 end. The balance sheet reflects optimism as its income performance highlights considerable growth in net income and profit margin.
Summary
The price action shows optimism on the chart and its financials speak the same as well. The performance has been outstanding in the last couple of quarters and showed remarkable strength of the stock as the price ascended. The Bulls ascended throughout the last 52 weeks as the price rose 249.25%. Moreover, the chart shows that bulls are in control. Therefore by 2030, it could achieve the $700 mark with an ROI of 112% for investments made in 2023.
Technical Levels
Support Levels: $298 and $274
Resistance Levels: $326 and $354
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
