Meta Platforms 'In Rarified Air' With Scale, Growth, Profitability: 12 Analysts Size Up Q2 Results, How 'Zuck Won AI Bingo Before The Game Started'
Portfolio Pulse from Chris Katje
Meta Platforms Inc (NASDAQ:META) received higher price targets from multiple analysts following its strong Q2 results, driven by its AI initiatives. Analysts highlighted the potential for continued growth and profitability, though some expressed concerns about rising capital expenditures.
August 01, 2024 | 5:36 pm
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Meta Platforms Inc (NASDAQ:META) received higher price targets from multiple analysts following its strong Q2 results, driven by its AI initiatives. Analysts highlighted the potential for continued growth and profitability, though some expressed concerns about rising capital expenditures.
The strong Q2 results and positive analyst ratings, along with increased price targets, indicate a likely short-term positive impact on Meta's stock price. However, concerns about rising capital expenditures could temper some of the enthusiasm.
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