Meanwhile, the Managing Director of Cleo Capital, Sarah Kunst, joined CNBC’s Squawk Box to discuss the investment environment with a specific interest in the META stock. Namely, Kunst sees the stock as a potential value play due to the high losses it has seen in 2022. She added:
META chart and analysis
In short, the stock is trading below all daily Simple Moving Averages (SMAs), with the trading range remaining between $170 and $151. No significant trading volume has been seen, possibly indicating that the shares will continue to trade sideways. Meanwhile, TipRanks analysts rate the shares a moderate buy, predicting that in the next 12 months, the average price will be $264.86, which is 65.61% higher than the current trading price of $160.03.
Rorschach test
Speaking on the number of engineers the company is looking to employ, which is less than initially expected, Kunst explains that if investors believe in Zuckerberg’s vision, then the investment thesis is quite clear cut. Despite the stock price dipping, it seems that Zuckerberg is driving his vision forward for the next stage of the evolution of his company. Therefore, investors who have faith in the vision and see META as the market leader in this new age of the internet may be able to gain a strong entry position in the company at the current price point. Buy stocks now with Interactive Broker – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
