2024-06-12 14:49:53 ET
Summary
- Meta Platforms has had a strong start in 2024, with stock up over 47% due to impressive quarterly results and robust revenue growth.
- Due to strong fundamentals and AI integration, Meta is expected to achieve further upside, with a target price of $655 by 2024.
- Meta targets Gen Z, enhancing video content and search functionality to boost engagement, while partnerships and AI investments drive targeted advertising revenue growth.
Investment Thesis
True to CEO Mark Zuckerberg's remarks, Meta Platforms ( META ) had an impressive start this year, continuing the momentum from last year. The social networking powerhouse, known for its comprehensive portfolio of apps, including Facebook and Instagram, has been firing at all angles to take bold steps in integrating AI across its applications to enhance engagement levels and monetize billions of its users....
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For further details see:
Meta: Why I'm Not Selling