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Gary Black, managing partner and investor at The Future Fund, highlights that META remains one of his top 15 positions and is his second favorite media and communications stock after GOOG.
He anticipates META will maintain over 20% revenue growth and more than 15% EBITDA growth in the long term, driven by 3.7 billion daily active users, which are growing at a rate of 3–4% per year, alongside steady increases in average revenue per person.
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Black has recently commented on sector valuations, noting that AVGO holds the lowest 2026 PEG ratio among the Mag 8 stocks while TSLA is the most expensive. He also covered the Tesla Cybercab event, observing that the launch did not meet expectations. Black regularly shares analysis on large-cap tech and auto names.