Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
META stock (NASDAQ: META) has delivered 2x returns, rising from $370 in early 2024 to roughly $785 today. The company's evolution into an AI-driven advertising leader, together with Instagram's revenue strength and substantial infrastructure spending, creates several avenues for the stock to potentially double again.
META's attempt to reboot its AI capabilities has been promising indeed, thanks to the gathering of AI geniuses in Meta Superintelligence Labs and the raised capex guidance. We are more convinced about AI's future return profile against that of Metaverse previously launched in 2021, with it building upon the prior AI efforts after AAPL's privacy changes. For now, early results from META's in-house capabilities have already delivered improved ad targeting, growing user engagement, and durable monetization cadence.
Meta Platforms (META) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Meta Platforms stock has surged this year and a new piece of hardware could keep the momentum going.
Meta is reportedly reconfiguring its AI efforts, the fourth such restructuring in six months. The tech giant's new artificial intelligence (AI) unit, Meta Superintelligence Labs, is expected to be divided into four groups, The Information reported Saturday (Aug. 16), citing sources familiar with the matter.
Meta delivered another strong quarter, with Q2 revenue and EPS beating expectations, and AI investments already driving significant advertising growth across all regions. AI Superintelligence ambitions are bold, but current AI initiatives are already boosting META's top and bottom lines, especially in advertising. My predictive valuation model indicates about 25% upside from current levels, supporting a continued Buy rating but not a Strong Buy, due to only moderate momentum.
Meta has a strong business model that faces limited downside from the emergence of AI but enjoys a strong upside if its investment in AI is successful. Meta's durable moat is driven by network effects, high switching costs, and process power—making its competitive position difficult to disrupt. Meta's current valuation only reflects its existing business and any upside from its investment in AI will be extra for the investor.
Meta is planning its fourth overhaul of artificial intelligence efforts in six months, The Information reported on Friday, citing three people familiar with the matter.
Josh Hawley, Republican of Missouri, said he would look into whether the social media company's artificial intelligence technology endangers children.
Sen. Josh Hawley (R-MO) said he intends to investigate whether Meta's generative AI products exploit, deceive, or harm children, after leaked internal documents showed the company's chatbots were allowed to have “romantic” and “sensual” chats with children.
Reuters found that Meta's AI guidelines and standards are troublesome in multiple ways.