From Morningstar: 2024-04-25 07:31:00

Meta Platforms (META) is among the Magnificent Seven stocks to report quarterly earnings. Analysts gave the company a fair value estimate of $400, with 2 stars and a narrow economic moat rating. They anticipate high uncertainty. Meta’s first-quarter revenue grew 27% to $36.5 billion, with 3.24 billion daily app users. CEO Mark Zuckerberg plans to invest more in artificial intelligence services. Operating expenses are expected to be $96-$99 billion, with capital spending at $35-$40 billion. The operating margin expanded to 38%.



Read more at Morningstar: Meta Shares Fall on Higher Spending Plans