Summary
- Despite the soft advertising market outlook, the cost-efficiency plan will weigh in the company’s earnings in the next few quarters.
- The Reels/WhatsApp monetization and the 2024 US Presidential elections will strongly support ARPU in the following 1-2 years.
- Zuckerberg knows the only way to regain leadership is to attract more teenagers and young adults, and Reality Lab products such as Horizon Worlds are the bridge to Meta’s supremacy.
- META’s investment thesis remains intact, and the strong bullish rating is supported by the improving outlook leading to a target price of $215-$257.
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Read more here: https://seekingalpha.com/article/4576399-meta-this-is-a-game-changer
