From Nasdaq: 2024-05-17 09:15:00

Meta Platforms (NASDAQ: META) shares have soared 149% in the last five years, despite a 64% dip in 2022 due to investor concerns. With 3.24 billion daily active users, Meta’s family of apps dominates social media. The company’s heavy investments in AI and generative AI aim to boost engagement and attract more advertising revenue.

Meta CEO Mark Zuckerberg is focused on building a metaverse, but Reality Labs’ revenue of $2 billion in the last year is modest. Despite operating losses, Meta’s core digital-ad business is highly profitable. The stock has surged 289% since 2023, offering a reasonable forward P/E ratio of 26.7, making it a compelling long-term investment.

Interested investors should consider Meta’s potential in innovative technologies and strong financials. The Motley Fool’s Stock Advisor analysts recommend other stocks for high returns, not including Meta Platforms. Stock Advisor has outperformed the S&P 500 since 2002, offering valuable insights for investors looking for growth opportunities.



Read more at Nasdaq: Where Will Meta Platforms Be in 5 Years?