Meta Platforms (Facebook, Instagram brands, etc.) has made its early shareholders rich… but also a cohort of more recent investors, since the action of the American social media giant founded by billionaire Mark Zuckerberg has already gained 72% since the start 2024! At the close of the session on October 8, “Meta sits proudly at $592, with a phenomenal gain since the beginning of January, my friends. It’s as if your grandmother had taken up CrossFit and suddenly developed bodybuilder biceps!” quips James D. Touati (known as The Wolf of Zurich), consultant for investment funds, trainer and trader in own account, interviewed by Capital.
But what is the recipe for this success? “An explosive cocktail, my dear ones: advertising revenues that explode like popcorn in an overheated microwave, users more addicted than ever (we wonder if they are still asleep), a slimming diet for costs (Meta ‘does its Christine Lagarde’) and – icing on the cake – artificial intelligence (AI), this new El Dorado which is making equity investors salivate,” lists the financier.
For the third quarter of 2024, Wall Street oracles predict Meta earnings per share of $5.15 (+17.31% year-on-year), for sales of $40.1 billion ( +17.38%). “It’s as if Meta had found the “goose that lays golden eggs”, and what’s more, this hen was laying ingots!”, notes James D. (…)
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