Charts suggest Meta is on the brink of another breakout

Are you ready to take your investing game to the next level? At Extreme Investor Network, we provide unique insights and expert advice to help you navigate the complex world of investing. Let’s take a closer look at one of the hottest companies in the market right now – Meta (META).

Meta is currently trading just 5% below its all-time highs and is showing strong technical indicators that suggest a potential breakout to new records. The company has solidified its position as a leader in social media advertising by leveraging AI targeting and has managed to stabilize its overall spending, generating free cash flow in the process. Inside Edge Capital has confidence in Meta’s long-term prospects and will likely hold onto this investment for a while.

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Looking back at Meta’s journey since January 2021, the stock has experienced significant ups and downs, including a drastic decline followed by an impressive rally. Despite facing challenges such as privacy concerns and Apple’s restrictions on user tracking, Meta has managed to emerge stronger than ever.

In 2023, Meta focused on efficiency in spending while reclaiming its dominance in social media advertising. The company’s commitment to improving its financials has paid off, with free cash flow reaching up to $13 billion per quarter. Analysts are optimistic about Meta’s future growth, projecting a 14% increase in earnings over the next two years and a 12% rise in revenues.

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On the technical side, Meta’s daily chart suggests a potential breakout above $504, with targets set at the previous all-time highs and beyond. Founder of Inside Edge Capital, Todd Gordon, holds a significant allocation of Meta in his portfolios and remains bullish on the stock’s long-term prospects.

As we look ahead to 2025, Meta’s AI initiatives and revenue growth are expected to drive the stock higher. With strategic investments in AI infrastructure and promising developments in content recommendation systems, Meta is well-positioned for continued success.

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