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Meta Stock: Morgan Stanley Sees 50% Upside, Despite Recent Selloff

About this episode

Meta stock plummeted this week due to legal fines, layoffs, and AI spending plans, but Morgan Stanley analyst Brian Nowak sees it as a buying opportunity. He cut his price target to $775, still predicting a 50% upside from $536. Despite the selloff, Metas core business remains strong, with Q4 revenue up 24% and daily active users climbing. Nowak highlights Metas AI push, which could generate new revenue and save costs. Technicals suggest Meta is at a key support zone, and a buy signal from Morgan Stanley could spark the next leg up.

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Meta Stock: Morgan Stanley Sees 50% Upside, Despite Recent Selloff

Durham News Today | 2 Min News | The Daily News Now!

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Durham News Today | 2 Min News | The Daily News Now!Meta Stock: Morgan Stanley Sees 50% Upside, Despite Recent Selloff. Machine-transcribed; use the interactive transcript above to jump the player to any line.

Recent closures hit the triangle hard, with two restaurants and two brewery tap rooms shutting down in Raleigh, Durham and Chapel Hill. One spot ran for decades, while another lasted just a year. Proximity brewing in Durham, the area's only black-owned brewery, closed its tap room on March 26, due to sky-high operating costs. Proximity plans to keep brewing beer for wholesale partners and might reopen a tap room elsewhere down the line. Meanwhile, fun guys brewing in Raleigh ended its seven-year run at the tap room after being voted the region's top brewery by locals. Owners there say their beers will stick around in bottle shops, bars, and eateries. On the restaurant side, the University Club of Durham, a member's only spot started back in 1987 on the 17th floor of. University Tower, locked its doors on March 25. They blamed lasting economic fallout from the COVID pandemic. These spots highlight the tough squeeze on small businesses from rising costs and slow recovery.

It's a reminder that even fan favorites aren't safe, but some beers keep flowing while the scene shifts. Stay tuned for what's next in the triangle. This has been Durham News Today, powered by AI.

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