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Global Equities Research analyst Trip Chowdhry raised the price target on Facebook (NASDAQ: FB) to a ‘Street High’ $500.00 while maintaining an Overweight rating as the analyst is bullish on the Metaverse push, including its name change to Meta.
According to Chowdhry
Meta is the FaceBook moment, similar to when in early 1990’s Bill Gates said “PC in every Home”:
- At that time, it looked so far fetched, but today’s reality “Multiple PC’s in every Home”
- It gave rise to a complete new ecosystem of Desktop Applications
- in 1994 MSFT stock was about $5, today $325
Meta is the FaceBook moment, similar to when Apple’s iPhone launch in 2007
- Massive new innovations started to occur after 2015
- in 2015 GOOGL Stock was about $700, today $2,900
Meta is the FaceBook moment, similar to when Google Changed its name to Alphabet in 2015
- Massive new innovations started to occur after 2015
- in 2015 GOOGL Stock was about $700, today $2,900
FaceBook Meta moment, will be bigger than all the above moments taken together – yesterday we only got a tiny glimpse of the future
- Invention of new technologies
- Creation of new Devices
- Creation of new Apps
- Creation of new Monetizations
- Creation of new Developer Ecosystems
- …and this is just a start
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