From Nasdaq: 2024-05-09 19:55:22

Meta Platforms, the social media giant, has seen significant growth but recently experienced a $200 billion market cap decline after Q1 results. Despite beating EPS estimates, the stock plunged 15% due to weak revenue outlook and high AI spend. Meta plans heavy AI investments and aims to create its own AI chips to reduce dependency on Nvidia. The stock is attractively valued, with healthy free cash flows and a Strong Buy consensus rating. Analysts see an 11.73% upside potential from the current price. Consider the current weakness in Meta stock as a buying opportunity for long-term growth.



Read more at Nasdaq: Meta Platforms Stock (NASDAQ:META): Will Its Colossal Gains Continue or Reverse?