Should You Buy the Cheapest Trillion-Dollar Stock Hand Over Fist? Wall Street Says Yes [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Meta Platforms (NASDAQ: META) stock, for example, is down 12% since the company released its results, despite beating Wall Street's expectations. The social media giant, which is home to Facebook and Instagram, revealed plans to ramp up its spending on growth initiatives like artificial intelligence (AI), which could dent the company's earnings potential in the short term. However, this could be a golden opportunity for investors who can afford to hold Meta stock for the next few years. According to The Wall Street Journal , the overwhelming majority of Wall Street analysts give Meta stock the highest-possible buy rating. Considering it's now the cheapest name in the trillion-dollar club by one widely used valuation metric, there is no time like the present to follow the Street's lead. Meta is using AI to transform engagement Over 3.2 billion people use Meta's social networks every day, including Facebook, Instagram, and WhatsApp. That's around 40% of the world's population --
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META
News
- Skip to content [TechCrunch]TechCrunch
- Catch up on the day's stories: Cheap groceries, a polarizing graduation speech, health care cyberattacks [CNN]CNN
- The Potential TikTok Ban in the U.S. Is Real: Here's What it Means for Facebook's Stock [Yahoo! Finance Canada]Yahoo! Finance Canada
- Instagram parent Meta hit with online child safety probe in Europe [Yahoo! Finance]Yahoo! Finance
- Priority With Clarity: Meet Ashwini Siddhi [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/16/24 - Form 144
- 5/16/24 - Form 144
- 5/16/24 - Form 144
- META's page on the SEC website