Meta Platforms Stock Will Hit New Highs in 2024 Hosted by Laycee KluinNovember 8, 2023 ShareLink copied to clipboard. Play video for Meta Platforms Stock Will Hit New Highs in 2024DetailsGuestsAt face value, the top is in for Meta Platforms. The technical picture is more than suggestive and points to an overextended market needing correction. However, given the rapid uptick in valuation, the Q3 results, and the outlook for next year, it is more likely to be a sideways consolidation than a deep, full-blown correction. The rally will continue in 2024 if it doesn’t regain traction in 2023. The market for META is down about 15% from its highs and may fall further, but it is still above critical support. A move to critical support is less than 20% from the market top, which means no bear market, at least not yet. Meta’s stock price should rebound solidly from the 150-day moving average in this scenario.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioMETAMeta Platforms3.5302 of 5 stars$697.71+1.9%0.30%29.17 Add This Stock to My Watchlist Chris Markoch, GuestMarketBeat Contributor, MarketBeatChris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatAn AI run of epic proportions is only getting startedI just put together an urgent new presentation that you need to see right away. In short: I believe we are...Timothy Sykes | Sponsored12 Stocks Corporate Insiders are AbandoningAn insider transaction occurs when a company executive that has non-public information about a company buys or...MarketBeatElon’s NEXT Big IPO?Cancel your internet TODAY!? 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Hosted by Laycee KluinNovember 8, 2023 ShareLink copied to clipboard. Play video for Meta Platforms Stock Will Hit New Highs in 2024DetailsGuestsAt face value, the top is in for Meta Platforms. The technical picture is more than suggestive and points to an overextended market needing correction. However, given the rapid uptick in valuation, the Q3 results, and the outlook for next year, it is more likely to be a sideways consolidation than a deep, full-blown correction. The rally will continue in 2024 if it doesn’t regain traction in 2023. The market for META is down about 15% from its highs and may fall further, but it is still above critical support. A move to critical support is less than 20% from the market top, which means no bear market, at least not yet. Meta’s stock price should rebound solidly from the 150-day moving average in this scenario.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioMETAMeta Platforms3.5302 of 5 stars$697.71+1.9%0.30%29.17 Add This Stock to My Watchlist Chris Markoch, GuestMarketBeat Contributor, MarketBeatChris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatAn AI run of epic proportions is only getting startedI just put together an urgent new presentation that you need to see right away. In short: I believe we are...Timothy Sykes | Sponsored12 Stocks Corporate Insiders are AbandoningAn insider transaction occurs when a company executive that has non-public information about a company buys or...MarketBeatElon’s NEXT Big IPO?Cancel your internet TODAY!? Take your latest internet bill and light it on fire… then count the seconds it...Banyan Hill Publishing | SponsoredNuclear Energy’s Comeback: 7 Stocks Set to Power the Future It wasn't so long ago that nuclear energy was a pariah, even among advocates for clean energy. Although nucl...MarketBeatWhite House to reset Social Security?Elon Musk's parting DOGE gift looks set to shock America... A single announcement by July 22nd could soon b...Altimetry | SponsoredTop Ten Brokerages You Can TrustThere are more than 500 brokerages and research houses that hire analysts to issue ratings and recommendations...MarketBeat
