Power Plays New Idea: META
February 7, 2023
By Scott Redler
Name: Meta Platforms
Needs to Hold: $178 to $180
Price Objective 1: $197 to $199
Price Objective 2: $210 to $212
With Powell behind us and the market staying resilient, I think there's room for select names to stretch their legs.
So I'm making Meta (META) our latest Power Play.
Mark Zuckerberg has been saying all the right things with cost cutting, which should be good for earnings.
If META can take out the $197 to $199 area, it can see the $210 to $212 area.
$178 to $180 is the Danger Zone here. That's where I'd look to switch gears.
Stay tuned for more updates.
Scott Redler Positions Disclosure as of 2023-02-07 at 3.33.10 PM