Meta Platforms Inc. shares declined 1.57% over the past week but still boast a 27.40% gain for the year. The Q2 earnings report showed an EPS of $7.14 and revenue of $47.52 billion. Advertising revenue for the quarter was $46.56 billion, exceeding expectations. Several analysts have raised their price targets for META stock. The company has initiated a $50 billion stock buyback and began paying dividends, with a current yield of 0.27%, equating to $2.08 annually. Meta is notably investing in AI to expand its tech capabilities.
Meta Platforms Inc. reported Q2 earnings with an EPS of $7.14, exceeding expectations of $5.92, and revenue of $47.52 billion, surpassing the forecast of $44.80 billion.
The company is focusing heavily on artificial intelligence investments, which are expected to drive substantial growth and bullish price predictions through 2025-2030.
Collection
[
|
...
]