The stock price received a substantial boost last month when the company reported sales growth of 3% during the first three months of the year, beating Wall Street estimates by some distance and ending its trend of three consecutive quarters of revenue declines.Īdditionally, the number of monthly active users grew 5% year-over-year to more than 3.8 billion, while Facebook saw a 4% growth in daily active users to more than 2 billion.īuy stocks now with Interactive Brokers – the most advanced investment platformĭisclaimer: The content on this site should not be considered investment advice.

Source: FinboldĪfter a dreadful 2022, META saw a major rebound in 2023.

Over the past month, the stock has gained nearly 9% and a whopping 90.3% since the start of the year. Although conventional machine learning algorithms have been widely adopted for stock-price predictions in recent years, the massive volume of specific. He said that the feature is currently growing at a quicker pace than its short-form video rival TikTok, thanks to its “best-in-class infrastructure and adtech.”Īs a result, Loop Capital sees Reels as “another big flywheel for Meta” that could unlock significant revenue opportunities in social commerce. The broker was particularly upbeat about the Reels as a strong monetization opportunity for the social media giant. meta stock price meta stock crash Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Combined we estimate these pressures had around mid-teens percent headwind to revenue growth.” – Loop Capital’s Rob Sanderson wrote. 1 Facebook (the company, now known as Meta Platforms. Anthony Di Pizio (Meta Platforms): First, lets address the elephant in the room.From Dec. Tech giant Nvidia ( NVDA 2.95) and social media behemoth Meta Platforms ( META. Stock Predictions: 7 Dow Stocks Ready to Roar Into. The AI and social media leaders were the best-performing stocks on the S&P 500 index in the first half of this year. “Three significant headwinds to revenue (Apple ad tracking changes, foreign exchange and transition to Reels) are all cycling through and set to become tailwinds. Future social networks will exist in the metaverse. View real-time stock prices and stock quotes for a full financial overview.

Meta stock predictions