As one of the world's largest and most influential companies, Meta Platforms NASDAQ: META is often the subject of interesting reports containing juicy rumors.
META's recently fast/furious rally has outpaced its robust fundamentals, with valuations now overstretched compared to its historical averages and peers. Its AI-driven growth and aggressive talent acquisition support the social media/advertising giant's long-term ambitions, albeit triggering a minimal margin of safety at current levels. While META's technical indicators suggest sustained upward momentum in the near-term, the stock market's overly exuberant sentiment may trigger near-term volatility.
Scott Devitt and his Wedbush team share insights from a recent Digital Ads survey. He reveals a largely positive backdrop for the overall digital advertising space addressing companies like The Trade Desk (TTD), Pinterest (PINS), Amazon (AMZN) and more.
Meta's aggressive AI investments, including a $14.3B Scale AI stake and top talent hires, aim to dominate the personalized AI assistant space, especially with its lead in AR/VR. Core AI efforts are driving strong growth and profitability in Meta's family of apps, justifying elevated capex and supporting future innovation. Despite losses from its Reality Labs segment, Meta's expanding free and operating cash flow amid growing capex is supporting continued investor confidence.
The latest trading day saw Meta Platforms (META) settling at $732.78, representing a +1.68% change from its previous close.
Meta Platforms (META) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Shares of Meta Platforms Inc. (NASDAQ: META) gained 2.86% over the past five trading sessions, continuing a rally that's seen the Magnificent Seven mainstay gain 5.98% over the past month.
Meta is sharpening its focus on wearable tech, buying a stake in eyewear giant EssilorLuxottica SA, Bloomberg reported Tuesday.
META's expanding AI prowess is driving user engagement as well as its social commerce footprint. However, a premium valuation makes the stock a risky bet.
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Meta's push for top-tier AI talent, which could cost up to $1.4 billion, raises questions about its approach to competing with other companies, a Rosenblatt analyst says.