From Nasdaq: 2024-04-17 14:52:00

Meta Platforms, Inc. (META) shares have surged 130% in the last year and 40% YTD. The tech giant is favored by Wall Street due to its focus on efficiency and profits, reaching half of the global population. Meta’s apps serve diverse social media needs and user numbers continue to rise.

Meta is positioned for growth, benefiting from digital advertising spending and major user growth across its platforms. The company is investing in AI technology and has introduced new AI chips. Meta’s revenue is projected to increase significantly, with strong earnings growth expected in the coming years.

Meta stock has seen a remarkable increase, soaring 125% in the last year and 450% since 2022. Despite recent market fluctuations, Meta’s valuation remains attractive and the stock is viewed favorably by Wall Street analysts. With positive EPS revisions and a Zacks Rank #2, Meta presents a potential long-term investment opportunity.

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Read more at Nasdaq: Buy Soaring Meta Stock Before Earnings and Hold Forever?