Meta's Q3 Performance Solidifies Technical Path To $625

Meta’s Q3 revenue surged 19% year-over-year to $40.6 billion, driven by strong ad performance and AI integration.
Operating margin improved to 43% from 40% last year, reflecting operational efficiency despite high CapEx guidance of $38-40 billion.
AI and Reality Labs investments remain central to Meta’s growth, with AI enhancements boosting ad relevancy and user engagement.
Meta’s stock target stands at $625, supported by technical levels and improving fundamentals within its core advertising business.

grinvalds/iStock via Getty Images

Investment Thesis

Meta Platforms, Inc. (NASDAQ:META) recently announced surprisingly strong Q3 2024 results, including robust revenue growth, improving operational efficiency, and strategic investing in AI and the metaverse. The earnings show a company busy building out

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(<span class=\"ticker-hover-wrapper\">NASDAQ:<a href=\"https://seekingalpha.com/symbol/META\">META</a></span>) recently announced surprisingly strong <a href=\"https://static.seekingalpha.com/uploads/sa_presentations/706/104706/original.pdf\">Q3 2024 results</a>, including robust revenue growth, improving operational efficiency, and strategic investing in AI and the metaverse. 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(<span class=\"ticker-hover-wrapper\">NASDAQ:<a href=\"https://seekingalpha.com/symbol/META\">META</a></span>) recently announced surprisingly strong <a href=\"https://static.seekingalpha.com/uploads/sa_presentations/706/104706/original.pdf\">Q3 2024 results</a>, including robust revenue growth, improving operational efficiency, and strategic investing in AI and the metaverse. The earnings show a company busy building out</p></body></html>","text":"Meta’s Q3 revenue surged 19% year-over-year to $40.6 billion, driven by strong ad performance and AI integration. Operating margin improved to 43% from 40% last year, reflecting operational efficiency despite high CapEx guidance of $38-40 billion. AI and Reality Labs investments remain central to Meta’s growth, with AI enhancements boosting ad relevancy and user engagement. 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