Although it might not appear as one of the most exciting businesses in the wider market or even in big tech, Facebook parent company Meta Platforms (NASDAQ: META) has been on a consistent growth trajectory over the course of the year.
The field of artificial intelligence (AI) isn't just some fad Wall Street is currently obsessed with but will fade into utter insignificance soon. While some of the hype will die down eventually, the technology has the potential to make corporations more efficient and increase profits over the long run.
Rosenblatt analyst Steve Frankel maintained a Buy rating on Meta Platforms Inc META with a price target of $811.
Zacks.com users have recently been watching Meta Platforms (META) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Generative AI technology has become Meta's top priority, directly impacting the company's business and potentially paving the road to future revenue opportunities. Meta's all-encompassing approach to AI has led analysts to predict more success in 2025.
Meta Platforms (NASDAQ:META) is among the leading mega-cap tech stocks investors basically need to own right now.
Explore the exciting world of Meta Platforms (META -1.73%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
Meta Platforms (NASDAQ:META) has become one of the most important stocks for millions of investor portfolios out there, due simply to this company's weighting in many index funds and active strategies.
[00:00:00] Douglas McIntyre: TikTok is facing a ban.
Technology stocks have delivered healthy gains to investors in 2024 despite bouts of volatility, which is evident from the 14% gains clocked by the Nasdaq-100 Technology Sector index so far this year, though it is worth noting that the index has underperformed the S&P 500 index's 27% gains.
In recent years, the biggest threat for Meta Platforms (META -3.59%) has been TikTok. Meta's response to that has been its Instagram Reels, which allows users to easily scroll through quick videos just as they would with TikTok.
The current expectation is for double-digit earnings growth in each of the next two years, with the number of sectors enjoying strong growth notably expanding from the narrow base we have been seeing lately.