{"id":35206,"date":"2023-07-13T13:58:31","date_gmt":"2023-07-13T17:58:31","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/meta-stock-surge-adds-60-billion-after-threads-launch-and-one-analyst-predicts-potential-1-trillion-valuation\/"},"modified":"2023-07-13T13:58:33","modified_gmt":"2023-07-13T17:58:33","slug":"meta-stock-surge-adds-60-billion-after-threads-launch-and-one-analyst-predicts-potential-1-trillion-valuation","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=35206","title":{"rendered":"Meta Stock Surge Adds $60 Billion After Threads Launch\u2014And One Analyst Predicts Potential $1 Trillion Valuation"},"content":{"rendered":"<div>\n<h2 class=\"topline-heading\">Topline<\/h2>\n<p>Meta stock soared to a fresh 52-week high Thursday after receiving yet another notable analyst upgrade thanks to the launch of its Twitter competitor Threads.<strong> <\/strong><\/p>\n<h2>Key Facts<\/h2>\n<div class=\"key-facts\">\n<div class=\"key-facts-element\">\n<p>Shares of the Facebook and Instagram parent rose as much as 2% to above $316 on Thursday, hitting their highest level since last February.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>Meta stock is up 7% since launching Threads last Wednesday, adding some $63 billion in market value.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>Sparking Thursday\u2019s rally, Cowen analysts upgraded their rating for the stock from a hold to a buy, upping Meta&#8217;s price target by nearly 60% from $220 to $345.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>In addition to lauding cost-cutting measures across the company and pointing to positive ad spending prospects across Meta\u2019s platforms, Cowen\u2019s John Blackledge forecasted Meta should pull in $5 billion in revenue from Threads next year in a base-case scenario.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad>\n <\/div>\n<div class=\"key-facts-element\">\n<p>Cowen is one of nine firms to upgrade its price target for Meta after it debuted Threads, according to FactSet data; among those more bullish on the company is Global Equities Research, which set a $400 price target for Meta last week.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>A $400 share price would be the highest in Meta\u2019s history and send its market capitalization from about $800 billion to just over $1 trillion, making it one of just seven trillion-dollar companies in the world.<\/p>\n<\/p><\/div>\n<\/div>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Crucial Quote<\/h2>\n<p>Meta is \u201cthe premier social advertising platform\u201d thanks to its \u201ccombination of reach, relevance, social context and engagement,\u201d according to Blackledge. Meta brought in $28.1 billion in revenue during the first three months of this year. That compares to $6.7 billion for YouTube during the same period and $1.1 billion for Twitter during 2022\u2019s second quarter, its last public earnings report.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Key Background<\/h2>\n<p>Meta shares declined more than 75% from late 2021 to late last year as investors disapproved of multibillion-dollar quarterly losses for the company\u2019s metaverse division long touted by CEO Mark Zuckerberg (hence the name change from Facebook to Meta). This year, Meta is one of the best-performing stocks on the market after smashing estimates for its top and bottom lines. Threads\u2019 rollout coincided with growing frustration about Twitter\u2019s direction under its new billionaire owner Elon Musk. The rival social media billionaires, each among the 10 richest men in the world, have been preparing for a supposed mixed martial arts brawl to settle their differences.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\"><\/h2>\n<p>Here\u2019s How Much Meta Stock Could Surge Thanks To Twitter Rival Threads (<em>Forbes<\/em>)<\/p>\n<p>By The Numbers: How Billionaires Musk And Zuckerberg Stack Up On Everything From Net Worth To Marriage (<em>Forbes<\/em>)<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/dereksaul\/2023\/07\/13\/meta-stock-surge-adds-60-billion-after-threads-launch-and-one-analyst-predicts-potential-1-trillion-valuation\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Topline Meta stock soared to a fresh 52-week high Thursday after receiving yet another notable analyst upgrade thanks to the launch of its Twitter competitor Threads. Key Facts Shares of the Facebook and Instagram parent rose as much as 2% to above $316 on Thursday, hitting their highest level since last February. Meta stock is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35207,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-35206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Meta Stock Surge Adds $60 Billion After Threads Launch\u2014And One Analyst Predicts Potential $1 Trillion Valuation | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Topline Meta stock soared to a fresh 52-week high Thursday after receiving yet another notable analyst upgrade thanks to the launch of its Twitter\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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