Meta: Innovation Keeps Snowballing (NASDAQ:META)

Summary

Meta's strong financial performance and innovation in AI and AR/VR support a 'Strong Buy' rating, with a 20% stock gain since the last recommendation.
AI integration in social media platforms and the new 'Threads' network are promising growth drivers, enhancing ad targeting and user engagement.
Meta's Q3 revenue grew 19% YoY, with a 35% increase in net income, despite significant R&D investments in AR/VR and AI infrastructure.
The stock is attractively valued with a fair share price of $671, offering 17% upside potential.

Элегантная женщина, соединяющая метавселенную, смотрящая вдаль и улыбающаяся. Галлюцинация. — NanoStockk/iStock via Getty Images

Introduction

Meta (NASDAQ:META) has kept investors happy as the stock gained around 20% since my 'Strong Buy' recommendation on May 10. The company keeps driving innovation, which is accompanied by consistently strong financial performance. The valuation is still attractive, meaning that

KM Capital

Coming from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental analysis of public companies paid off and now I feel very confident in my investment decisions. My hands-on experience shaped deep understanding of risk, reward and the delicate balance between these two variables. Driven by a desire to share my insights and contribute to the investor community, I embark on this new chapter with Seeking Alpha. My articles will be crafted with clarity and precision, devoid of jargon and fostering accessibility for investors of all experience levels. My background in IT grants me a valuable perspective, particularly when navigating the complexities of technology stocks. Yet, my pursuit of knowledge extends beyond the realm of silicon, encompassing diverse sectors and uncovering promising prospects across the economic landscape. Whether you are a seasoned investor seeking fresh perspectives or a nascent one embarking on your financial voyage, I extend a warm invitation to join me on this intellectual journey. Through collaborative exploration and insightful analysis, let us unlock the secrets of the market and chart a path towards shared financial success.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About META Stock

Symbol	Last Price	% Chg

Compare to Peers

More on META

Related Stocks

Symbol	Last Price	% Chg
META META	-	-
META:CA META:CA	-	-

Compare