What’s Behind Meta’s Record Rally? Should We Stay Invested? – February 18, 2025
From Zacks Investment Research: 2025-02-18 16:20:12
Meta Platforms, Inc. (META) is a leading social media company, known for apps like Facebook, WhatsApp, and Instagram. The company’s stock has surged this year, driven by its focus on artificial intelligence (AI). Meta stock has seen 20 consecutive days of gains, reaching a record high of $736.67. Meta plans to invest billions in AI infrastructure, including humanoid robots and a new data center. With over 3.3 billion users across its apps, Meta is well-positioned for future growth. Brokers have raised short-term price targets for Meta stock, predicting a potential upside of 26.9%. Investors are advised to hold Meta stock for its growth potential and consistent dividend payouts.
Read more at Zacks Investment Research: What’s Behind Meta’s Record Rally? Should We Stay Invested? – February 18, 2025