$META Meta Platforms - Gap to be Filled Above Possible double bottom at play📈 META after Q2 earnings: • PE 20.3x • Forward PE 16–18x • Street avg PT $780 (+45%) • Strong Buy consensus Revenue $60.8B (+28%, beat) EPS $6.18 (miss on legal + severance + AI costs) The concern... capex guidance raised and less free cash flow Summary: Cheap valuation, heavy AI spend still the overhang. Support is $520, below this level is $480, need to fill the gap and reclaim $600 volume shelf before a leap to higher levels.
Donald DeanShare
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