"Meta Stock Reaches 28-Month High Amid Top-Line Optimism"

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Source: MarketWatch
"Meta Stock Reaches 28-Month High Amid Top-Line Optimism"
Photo: MarketWatch
TL;DR Summary

Meta Platforms Inc.'s stock reached its highest close in over two years as analyst James Lee expressed optimism about the company's potential for revenue upside, lower operating expenses, and underappreciated benefits from its Messenger platform. Lee sees a constructive setup for the stock and anticipates broader upside this year, citing quick advertising recovery, strength in holiday shopping, and successful partnerships. He also believes that Meta has flexibility in managing operating expenses and potential for significant revenue growth through its Messenger platform, although the timing of reaching that level of monetization is uncertain.

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