More than 40 Wall Street analysts currently hold buy ratings for Meta Platforms (NASDAQ:META), highlighting the company's growth potential, especially in AI and the metaverse. CEO Mark Zuckerberg’s commitment to innovation, illustrated by the acquisition of Scale AI, positions Meta as a frontrunner in technology advancements. Although Meta's stock has increased dramatically since its IPO, analysts believe it remains undervalued. Furthermore, the company’s significant earnings reinforce its growth narrative, suggesting that new investors may find it an opportune moment to buy as the stock price approaches $700 per share.
Despite its meteoric 1,706% rise since its IPO a little over a decade ago, shares remain quite cheap. So, we've got earnings backing up the red-hot growth story.
Mark Zuckerberg is serious about making his mark in AI. Meta is going big on AI with its LLaMA model, and... diverse AI portfolio.
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