Meta is a 'Steel Deal Buy' Despite Spending Concerns

2 months ago

Jeremy Lefebvre

"Meta remains a buy. It's a steel deal buy. Is their stock price going to go up in the next 6 to9 months? I don't know. Like would I be shocked if Meta stock was still $600 6 to9 months from now? I wouldn't be shocked because at the end of the day, like if the big money Wall Streeters are confused about the spend, they won't buy the stock. And if they don't buy the stock, the stock can't go up."

The speaker reiterates his conviction in Meta, calling it a 'steel deal buy' despite uncertainties around heavy spending. He hints that if institutional investors gain clarity on Meta's spending, the stock could see significant gains in the next 6 to 9 months.

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