From MarketWatch:

Zacks.com has announced the latest list of stocks featured in the Analyst Blog, including Meta Platforms, Inc., Broadcom Inc., and Verizon Communications Inc. Meta Platform shares have outperformed the Zacks Internet – Software industry over the past six months. Broadcom is benefiting from the strong deployment of generative AI, and Verizon is witnessing significant 5G adoption and fixed wireless broadband momentum. These research reports have been hand-picked from the roughly 70 reports published by the analyst team today.

Meta Platform is benefiting from steady user growth across all regions, particularly Asia Pacific, with advertising revenues expected to witness a CAGR of 13% per the model estimate. However, challenges like targeting and measurement headwinds due to Apple’s iOS changes remain a headwind for Meta’s advertising revenues.

Shares of Broadcom have outperformed the Zacks Electronics – Semiconductors industry over the past year. The company is expecting networking revenues to grow nearly 30% year over year in fiscal 2024, driven by accelerating deployment of networking connectivity and expansion of AI accelerators in hyperscalers.

Verizon is offering various mix and match pricing in both wireless and home broadband plans, leading to solid client additions. The initiative to change its revenue mix toward emerging growth services like cloud, security, and professional services will likely reap long-term benefits, despite lower wireline and wireless equipment revenues being major concerns. This has been a summary of Tuesday’s Analyst Blog highlights.



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