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.
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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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