All articles tagged with #meta stock
Originally Published 2 months ago — by Barchart.com
Michael Burry has accused Meta Platforms of inflating earnings through extended useful life assumptions for AI chips, but despite concerns over increased capital expenditure and leadership changes, Meta remains financially strong with growing revenues, user engagement, and a positive analyst outlook, making its stock a 'Strong Buy' with significant upside potential.
Originally Published 2 years ago — by Investor's Business Daily
Meta stock continues its winning streak, reaching a new 52-week high as analysts express positivity about the new partnership between Meta Platforms (META) and Amazon.com (AMZN). The partnership will allow users to link their Facebook and Instagram accounts to their Amazon accounts, enabling easier purchasing of goods through promotions in their feeds. Analysts believe this collaboration will lead to improved ad quality, higher conversion rates, and faster revenue and transaction growth for both Meta and Amazon. Despite a recent dip following Meta's earnings report, the stock has bounced back and gained about 15% since then, making it one of the top performers in the S&P 500 this year.
Originally Published 2 years ago — by Investor's Business Daily
Meta Platforms, the parent company of Facebook, rebounded back to its 50-day line after reporting earnings that exceeded Wall Street's expectations and showcased progress in artificial intelligence. Despite a 3.7% drop in stock value following the earnings report, Meta's Relative Strength score remains high, indicating outperformance compared to the S&P 500. The company's Q3 earnings showed a 168% increase year-over-year, with a 23% sales growth, driven by the success of its automated ad campaign tools and cost-cutting measures. However, Meta cautioned about potential impacts on ad sales due to the Israel-Hamas conflict and provided a Q4 revenue outlook that fell short of analyst expectations. Additionally, Meta announced plans to offer ad-free subscription options in Europe to comply with evolving regulations.
Originally Published 2 years ago — by Investor's Business Daily
Meta Platforms, the parent company of Instagram and Facebook, has seen its stock rally 170% in 2023, driven by strong Q2 earnings and a robust sales outlook for Q3. The company's revenue growth has been fueled by the monetization of Reels short-form videos and the ongoing shift to digital advertising. However, there are concerns about the long-term sustainability of Meta's growth story, as expenses on the metaverse and regulatory challenges pose risks. While there are reasons to be excited about the impact of generative AI, it is more of a long-term story. Investors are advised to wait for a new entry point as Meta stock is currently not a buy.