Tech Earnings Week: Market Direction at Stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3h ago
0mins
Source: CNBC
- Earnings Focus: About one-fifth of the S&P 500 will report earnings this week, with particular attention on Meta, Microsoft, and Apple to determine the market's next direction.
- Technical Chart Analysis: After a drop post-earnings, Meta's ability to reclaim the critical 200-day moving average at $675 is under scrutiny, as failure to do so may lead to further declines.
- Apple Price Warning: Apple must maintain its price between $242 and $245 to avoid breaking its long-term uptrend, with increasing market focus on its future performance.
- Market Expectations: Should Meta and Microsoft regain upward trends, the S&P 500 could challenge new highs this week, despite the benchmark's weak performance over the past two weeks.
Analyst Views on META
Wall Street analysts forecast META stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for META is 824.71 USD with a low forecast of 655.15 USD and a high forecast of 1117 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
44 Analyst Rating
37 Buy
6 Hold
1 Sell
Strong Buy
Current: 658.760
Low
655.15
Averages
824.71
High
1117
Current: 658.760
Low
655.15
Averages
824.71
High
1117
About META
Meta Platforms, Inc. is building human connections, powered by artificial intelligence and immersive technologies. The Company's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) and mixed reality (MR) headsets, augmented reality (AR), and wearables. It also helps people discover and learn about what is going on in the world around them, enabling people to share their experiences, ideas, photos, videos, and other content with audiences ranging from their closest family members and friends to the public at large. The Company's segments include Family of Apps (FoA) and Reality Labs (RL). FoA segment includes Facebook, Instagram, Messenger, WhatsApp and Threads. RL segment includes its virtual, augmented, and mixed reality related consumer hardware, software and content. Its product offerings in VR include its Meta Quest devices, as well as software and content available through the Meta Horizon Store.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
