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Meta Platforms (META) reported higher operating cash flow for Q1 Y/Y last week, but lower free cash flow (FCF) due to higher capex spending. Moreover, on April 30, management raised its capex spending forecast for 2025, lowering future FCF forecasts. META stock has dropped as a result, but is it a buy here?
The answer is that META is fairly valued today, but worth +116% more at $693 over the next 12 months. This article will show why, including an analysis of its future free cash flow and related valuation, as well as analysts' price targets.