From Nasdaq:

In 2023, Meta Platforms emerged as a leading tech giant, driven by a surge in artificial intelligence (AI). Its stock soared 184%, outperforming the S&P 500’s gain by a huge margin. Palantir Technologies also experienced a 169% surge, driven by its AI Platform and government contracts. However, some analysts are skeptical about Palantir’s valuation based on AI hype. Financially, Palantir is debt-free with a substantial cash balance and free cash flow, but it may be overvalued at a forward 2024 earnings multiple of 54. Despite this, its AI-powered solutions are expected to drive substantial growth in the coming years. Wall Street’s view of Palantir stock is mixed, with a consensus “hold” rating. Meta, on the other hand, saw its revenue and EPS soar in Q3, driven by strong growth in its Family of Apps segment and advertising revenue. The company is heavily investing in AI and the metaverse, with analysts predicting another record-breaking year in 2024. Wall Street is highly bullish on Meta’s stock, giving it a “strong buy” rating overall.

Ultimately, while both Meta and Palantir are strong long-term picks, Meta’s vast growth prospects in AI and the metaverse make it a more appealing choice. Analysts predict Meta’s stock could reach a Street-high target price of $435, representing a 22.6% upside potential over the next 12 months.



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