Summary
- The underperformance in 2022 was attributed to significant currency risks, reduced advertising demand, and strict regulation on target advertising.
- The advertising revenue is resilient and a good sign shows that advertisers have a strong demand as the economy recovers from COVID and the recession.
- Restructuring, by implementing a series of cost management practices, reflects META’s determination to align business and strategic priorities for operating efficiency.
- Although it’s difficult to depict how the metaverse will develop and the operating losses kept increasing for Reality Labs, META expects this will be the next chapter of the Internet and will unlock monetization chances.
- DCF estimates META stock will grow to $313, an 4% upside potential for the year 2023.
META Stock Forecast: Pioneer to New Heights appeared first on I Know First.
ALERT: Take This Retirement Quiz Now (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
