Meta stock forecast for mid-2024 reflects a consolidation phase between $500–$520, partly due to broader Nasdaq fluctuations. However, revenue projections remain strong, propelled by Meta’s AR/VR segment expansion outlook. So, first, let's take a look at the current AI market and what may unfold in the coming years. Right now, tech powerhouses such as Microsoft, mentioned above, and others, like Alphabet and Meta Platforms , are pouring investment into building out AI infrastructure. They, and even smaller AI customers, need more and more AI compute -- the graphics processing units (GPUs) or AI chips that power AI tasks. Meta posted 22% revenue growth in the second quarter, showing its core ad business remains strong at a time when the company is investing billions of dollars into AI. The results show the extent to which Meta’s advertising business will continue to pay for its outsize AI ambitions, as well as how the AI tools are contributing to its strength, according to the Wall Street Journal . Meta stock forecast indicates a potential upside driven by strong Q1 revenue growth of 27% YoY, reflecting robust advertising demand and expanding AI integration in its platform. Analysts cite a technical resistance near $540, with RSI levels suggesting overbought conditions, warranting cautious positioning.
