Meta saw a modest rise to $483.68 in yesterday’s market close, with traders anticipating product announcements in AI content moderation tools. Key moving averages support a continued climb in the coming sessions. Analysts, who have been known to underestimate Meta's ability to grow profitability and revenue, continue to expect significant fundamental improvements from the company. Their consensus estimates are revenue growth of 19% this year and 16% next year, and I fully expect the company to beat those estimates. I'm also fully expecting Meta to keep being the hugely profitable powerhouse it is at present. Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. Featured Stories Five stocks we like better than Meta Platforms What is a Dividend Harvesting Strategy and How Can Investors Profit from it? QURE: Why Analysts See Up to 63% Upside After 250% Single-Day Pop Stock Splits, Do They Really Impact Investors? Robinhood Up 12%—Could Prediction Markets Be Its Secret Weapon? What Investors Need to Know to Beat the Market Conagra Brands High-Yield and Deep Value Are a Buy in October This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]. Should You Invest $1,000 in Meta Platforms Right Now? Before you consider Meta Platforms, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meta Platforms wasn't on the list. While Meta Platforms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here Metaverse Stocks And Why You Can't Ignore Them Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment. Get This Free Report Meta’s current stock price at $483 reflects investor confidence after robust ad revenue growth. Market sentiment is buoyant, with daily options volume suggesting bullish positioning ahead of earnings call scheduled for late July. The RSI is at 63, indicating moderate upside potential.
