Reported 1 day ago
A recent analysis suggests that Meta Platforms, Inc. (NASDAQ:META) is undervalued despite achieving impressive quarterly results. Analyst Jeffrey Small notes the company is trading at 21 times earnings, which he views as an attractive investment opportunity, particularly with expected long-term growth driven by AI initiatives. Despite warnings about higher future expenses and a cautious macroeconomic outlook, the substantial user base and advancements in AI are expected to push growth in advertising revenue, positioning META as a leading stock to watch in the upcoming month.
Source: YAHOO