I’m looking at Morningstar reports for META. It says after this week’s earnings, it has lowered its FVE to around $340 from around $380 (which is where it was for 2+ quarters).
Given that the price today is about $160, I have to wonder what the timeline is that they’re thinking about here. Is the idea really that in (say) a year or so they expect the price to go up around 2x what it is today, or is it less concrete than that?
Leave a Reply