TipRanks' analyst ranking service discusses three stocks, including Meta Platforms and Amazon, that are favored by Wall Street's top pros
Market volatility comes and goes, but anyone can build a substantial nest egg in the stock market over many years by steadily adding shares of growing businesses to their portfolios, and patiently holding them.
Meta Platforms NASDAQ: META rewarded investors with another strong post-earnings gain on May 1. Shares rose over 4% after the release, and the company's results extended its streak of beating expectations.
At a landmark antitrust trial, a judge is weighing how to define competition for the social media giant in order to decide whether it broke the law.
Meta's core advertising business is thriving, with strong revenue growth and improved margins, making it a valuable long-term investment. Reality Labs continues to struggle, incurring significant losses and failing to generate meaningful revenue, raising concerns about its long-term viability. The company's aggressive spending on new initiatives like Reality Labs and AI lacks clear return potential, posing a risk to shareholder returns.
The company is reportedly pulling back on some privacy concerns to give its smart glasses lineup a bigger AI boost.
So far this year, one of the better performers among Magnificent Seven has been Meta Platforms (NASDAQ:META).
Meta Platforms, Inc.'s Q1 results were strong, with significant beats on revenue and EPS, robust operating margins, and solid free cash flow generation. Increased capex spending on AI is justified, as AI investments are driving resilience in ad revenues and boosting user engagement across platforms. META's valuation remains attractive, trading at a forward P/E of 22.1x, with a projected FY25 EPS growth of 12.1%.
Meta CEO Mark Zuckerberg, Instagram head Adam Mosseri, and other Meta execs thought that TikTok was beating Meta at its own game. That's according to a new filing in the U.S. Federal Trade Commission's antitrust lawsuit against the tech giant, published on Monday.
Shares of Meta Platforms Inc. (NASDAQ: META) gained 0.71% in a.m.
Meta Platforms has shown tremendous resilience amid economic headwinds. Mark Zuckerberg's strategy to transform Meta into a platform-focused company is crucial, with significant investments in AI, AR, and VR to drive long-term ambitions. The market is unduly concerned about the impact on its digital advertising business, which has remained incredibly robust.
Last week, Meta—the parent company of Facebook, Instagram, Threads and WhatsApp—unveiled a new "personal artificial intelligence (AI)."