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Meta stock has serious upside potential, according to Deepwater Asset Management's Gene Munster, who said things at the company were looking good and will "likely get better." Meta stock was up over 16% in premarket trade early Friday, after the tech giant reported better-than-expected results and announced its first-ever dividend payment. Asked whether Meta could potentially become a $700 stock, Munster said: "This is not a formal price target, but yes, I believe this can go up 50% over the next couple of years." META 1Y mountain Meta stock Munster's call follows fourth-quarter earnings that surprised both investors and analysts. "I think that things are good at Meta , but they will likely get better," he added.
Persons: Gene Munster, LSEG, Meta, Munster, , Jonathan Vanian Organizations: Munster, Deepwater, Reality Labs, Apple, Vision, Meta
After 2023's blowout run, it's hard to recall the once gloomy investing setup for technology stocks last December. As the calendar year turns, don't expect technology stocks to match 2023's blowout gains, but the year's performance is no fluke. AI stocks may dominate tech-focused investing, but don't sleep on the other emerging themes. GOOGL YTD mountain Alphabet shares in 2023 Both companies have rolled out new initiatives in the months since. Arm Holdings made headlines this year as one of the first major companies to go public , reviving the IPO market after a roughly two-year drought.
Persons: behemoths, Jay Woods, Mark Zuckerberg, didn't, chipmakers, David Waddell, Everybody's, Copilot, Paul Meeks, Gene Munster, Alphabet's, Meeks, Morgan Stanley, Andrew Slimmon, They're, Slimmon, CNBC's, Wall, Nvidia's, He's, Mahoney, Ken Mahoney, it's, Brent Fredberg, Munster's, Management's Albert Tsuei, Tsuei, William Blair's Jonathan Vo, Keith Weiss Organizations: Federal Reserve, Treasury, Freedom, Microsoft, Waddell & Associates, Oracle, Arista Networks, Morgan, Morgan Stanley Investment, Meta, Nvidia, Devices, Dell, Hewlett Packard Enterprises, Broadcom, Holdings, Micron Technology, Brandes Investment Partners, Micron, Samsung, Taiwan Semiconductor Manufacturing, MGM Resorts, Johnson, Okta, UBS, Management's, Palo Alto Networks, Palo Alto Locations: British, Clorox
Tech layoffs are far from over, according to tech investor Gene Munster. He also sees them getting tighter on the "laptop generation" who refuse to return to the office. More layoffs could be on their way at big tech firms as bosses prepare to tighten on the "laptop generation," according to Gene Munster. Munster's comments come as tech companies shift their tone away from growth to focus on efficiency. Munster thinks that "there has been this laptop generation" that "some of these tech companies are going to tighten on."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple is probably the safest place to be when it comes to navigating the next 6 months: Gene MunsterGene Munster, managing partner at Deepwater Asset Management, joins 'Squawk Box' to discuss whether the recent news from the banking sector has changed Munster's tech outlook, Foxconn's recent warning on consumer electronic demand, and more.
Apple should be a $250 stock, says Loup's Gene Munster
  + stars: | 2023-01-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple should be a $250 stock, says Loup's Gene MunsterGene Munster, Loup founder and managing partner, joins 'Squawk Box' to discuss Munster's long-term prognosis on Apple, how Apple should be valued and how much of Munster's ideal valuation is based on Apple's current product offering.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Loup's Gene Munster on tech stock slumpGene Munster, Loup founder and managing partner, joins 'Squawk Box' to discuss Munster's long-term prognosis on Apple, how Apple should be valued and how much of Munster's ideal valuation is based on Apple's current product offering.
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