Meta Platforms Inc Class A
META: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$452.00 | Bjsdx | Mdddctwgl |
Potential TikTok Ban in U.S. and Reports About a Sale Benefit Google, Meta, and Snap; FVEs Unchanged
The Joe Biden administration is threatening to ban TikTok from the U.S. and talks about a possible sale of its U.S. operations to an American company have increased. At the same time, China may not approve a sale, as reported by The Information. In our view, the uncertainty surrounding the possible ban or sale of TikTok could benefit Snap, Meta’s Instagram, and Google’s YouTube. We are maintaining our $154, $260, and $16 fair value estimates for Alphabet, Meta, and Snap, respectively.