Meta: The Case For $1,000 Is Easy To Make

Meta Platforms (META) is undervalued, with a DCF-based fair value estimate exceeding $1,000 per share despite near-term negative FCF (net SBC). Robust advertising revenue growth, resilient user engagement, and early AI-driven improvements underpin META's long-term investment case. Current capex surge is strategic and reversible, with future FCF margins modeled to rebound as infrastructure buildout normalizes.