Meta Platforms (NASDAQ: META) revenue estimates raised for 2024, 2025 with AI investments.

From Nasdaq: 2024-04-09 10:57:12

Oppenheimer analysts raised revenue estimates for Meta Platforms (NASDAQ: META) for the first quarter and the rest of 2024, with a slight increase in the 2025 revenue growth forecast. The growth is attributed to investments in artificial intelligence driving more content recommendations and advertising products. Analysts maintained an outperform rating with a $585 price target.

Meta Platforms is heavily leveraging artificial intelligence across its business, with AI-driven recommendation systems driving user engagement and advertising performance. The stock price has surged 140% in the last year and is valued at 26 times forward earnings estimates. Wall Street projects earnings per share of $23.15 in 2025, making the $585 price target reasonable.

Before investing in Meta Platforms, note that it was not listed among the Motley Fool Stock Advisor’s 10 best stocks for investors to buy now. The service, which has outperformed the S&P 500 since 2002, provides a roadmap for success with regular stock updates and two new picks each month. Randi Zuckerberg, former director and spokeswoman for Facebook, is a board member of The Motley Fool. The Motley Fool has disclosed positions in and recommends Meta Platforms.



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