Meta Platforms is a US-based multinational technology company, based in Menlo Park, California, United States. In this article, I will do the technical analysis for Meta share price target.
What is Meta?
Meta Platforms, formerly known as Facebook, is a US-based multinational technology company. The headquarters of the company is in Menlo Park, California, United States. The founders of the company are Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes.
The organization operates Facebook, Instagram, WhatsApp, and Threads, along with numerous other products and services. Meta is recognized as the most valuable company in the world and also among the ten largest publicly traded companies in the US.
Meta is the big five information technology companies along with Alphabet, Apple, Microsoft, and Amazon. The company also acquired Oculus, Mapillary, Kustomer, and CTRL-Labs, along with a 9.99% holding in Jio Platforms.
On October 28, 2021, the parent company of Facebook altered the name to Meta Platforms, Inc., from Facebook, Inc.
The initial public offering by Facebook was filed on January 1, 2012. The preliminary prospectus $5 billion with 845 million monthly active users. The share of the company was valued at $38 each, valuing the organization at $104 billion, which was the biggest valuation for any of the new organizations.
Meta share price
The current Meta share price is $310.73. The highest point touched by the stock was $383 in September 2021. The monthly price chart of Meta stocks is given below.
Meta share price technical analysis
The price chart depicts that Meta is a trending stock. Since inception, there have been very few incidents when the stock experience downtrend. Even when there was a downtrend in the stock, the prices quickly recovered and depicted growth.
From December 2018 to October 2022, the monthly price chart represented heads and shoulder patterns. As soon as the price touched the base, there has been a drastic increase in the price movement in the previous 10 months.
Considering the day chart pattern, the prices represented unexpected moves. Within a year, Meta share has proved to be a multi-bagger as the prices increased from $90 to $325.
Meta share price target
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Factors supporting the growth of Meta
Because of its dependable performance and extensive feature set, MetaStock has built a solid reputation among traders over the years. Its expansion is facilitated by referrals from pleased customers who employ word of mouth.
Because of its straightforward and user-friendly interface, MetaStock is usable by traders and investors of all levels of expertise. Both novice and professional traders are drawn to it because of how simple it is to use.
A comprehensive selection of sophisticated technical analysis tools and indicators is available on MetaStock to support traders in making wise selections. For those looking for an in-depth study, the platform’s sophisticated charting capabilities and large indicator library are appealing characteristics.
Users of MetaStock can alter their charts, indicators, and trading techniques to suit their own trading tastes. Traders who wish to modify their analysis to match their trading style will appreciate this versatility.
Traders can set stop-loss and take-profit levels using the platform’s risk management tools, which help users manage risk and safeguard their capital.
To include the most recent market trends and customer feedback, the MetaStock team continuously develops and improves the platform. The platform is kept competitive and relevant by frequent updates.
Traders can seamlessly execute trades and get the data they require thanks to MetaStock’s ability to interact with a variety of brokerage systems and data sources. The entire trading experience is improved by this compatibility.
To conclude, Meta stock price is likely to perform well in the future. Anyone planning to buy the stock, should consider investing in small quantities and accumulate as the price grows.
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Frequently asked questions
Is META a good stock to buy?
Yes, Meta stock is good buy
What is the prediction for META shares?
Meta stock is predicted to be $370 in 2024, $450 in 2025, and $1,320 in 2030.
Does META stock have a future?
Yes, Meta stock have a great future.
Does Meta pay dividends?
No, Meta does not pay dividends.
Disclaimer: If you want to invest in the stock market, you should consult your financial advisor before making a buying decision. You should assess the risk and study the company details.
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