From Nasdaq:

Shares of Meta Platforms (META) have been on the move, up 10.7% in the last month, hitting a new 52-week high of $372.94. With a record of positive earnings surprises, it’s reported an EPS of $4.39 in the last quarter, exceeding estimates by 21%. Predictions for the current and next fiscal year show potential growth of 22.94% and 13.53%, respectively.

Even with its stock at a 52-week high, Meta Platforms may still have potential for more growth. With positive earnings estimates and a Zacks Rank of #1 (Strong Buy), it appears to pass the test. In comparison to its industry peer, CrowdStrike, META still appears to be a strong choice.

The Internet – Software industry, including META and CRWD, is in the top 12% of all industries. With tailwinds supporting both companies, there appears to be potential for growth.

One of the leading companies in AI, one small AI company at the heart of this emerging sector has an expected economic impact of $15.7 Trillion by 2030, according to Zacks. Zacks is also offering a bonus report revealing the explosive growth stock and other “must buys”.

For information about the chatGPT stock report, 7 best stocks for the next 30 days, and free stock analysis reports, Zacks Investment Research has the latest recommendations. To find the full article, visit Zacks.com.



Read more: Meta Platforms, Inc. (META) Hits Fresh High: Is There Still Room to Run?