Meta Stock Surges on Strong Fundamentals. Meta Platforms maintains a Strong Buy rating despite trading over 20% below its all-time high. The company delivered a double beat in Q1 with 33.1% year-over-year revenue growth, driven by AI-powered improvements in ad impressions and pricing. While capital expenditure guidance increased to $125B-$145B due to memory constraints, management is strategically reallocating resources from labor to compute infrastructure while maintaining expense discipline. The valuation remains attractive at 19.94x non-GAAP P/E and 14.21x EV/EBITDA multiples. Analysts project base-case and bullish price targets of $815 and $920 respectively, representing 34% and 51% upside potential from current levels.
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