Home Metaverse There’s no point investing in metaplatforms if Metaverse returns in 2030, bearish analyst says – Metaplatforms (NASDAQ:META)

There’s no point investing in metaplatforms if Metaverse returns in 2030, bearish analyst says – Metaplatforms (NASDAQ:META)

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There’s no point investing in metaplatforms if Metaverse returns in 2030, bearish analyst says – Metaplatforms (NASDAQ:META)

Source: news.google.com

  • needham Analyst Laura Martin reiterated an Underperform rating for the shares of Meta Platforms Inc GOAL.

  • The analyst is concerned that the company’s Free Cash Flow (FCF) and EPS to be delivered are related to higher spending in the Metaverse.

  • Martin also said that weak ad revenue due to the slowing economy and the popularity of TikTok may also have contributed to the underperformance.

  • The analyst wondered if META had a core business once a competitor (like TikTok) steals from key content creators adding younger demos and millions of watch hours and ad units.

  • The company talks about the returns on its investments in the Metaverse in terms of 2030, well beyond the timeframes of most investors. The analyst opined that there is no need to be in META today if your spending will only pay off…

Read More at news.google.com

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