has been the best-performer in the sector this year by far amid a surge in profitability. Delivering better revenue growth, it’s also cheaper than smaller peers like Snap and Pinterest.
“The case is still there with some of the initiatives around AI and everything they’re doing to continue to improve targeting and engagement,” Hanna Howard, portfolio manager at Gabelli Funds, said. “There’s still room for growth on the top line and to continue to improve in margins. And, where it’s trading right now, at these levels it does still look attractive.
“Meta has really evolved from a social play to more of an AI one, and it has a lot of tailwinds from that,” said Jay Woods, chief global strategist at Freedom Capital Markets. “Plus, while there were some growing pains with its year of efficiency, it is a lot more efficient now.”
Source: Tech Daily Report (techdailyreport.net)
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