Meta Platforms: Two Reasons Stock Looks Bound for $700
Throughout the first five months of the year, the US stock market has struggled with consistency. It is no question why, with macroeconomic concerns colliding with geopolitical tensions. However, with things potentially turning around soon, Meta Platforms (META) looks like a stock bound for $700 for two key reasons.
The tech giant has been one of the biggest stories of the year so far. Despite struggling to build any notable momentum, the company is not alone. Many of the Magnificent 7 have been in the same boat, with a development this week potentially ushering in a new bull market for Wall Street. When that comes, META may be in a clear position to soar.
Also Read: Meta (META) Q3 Earnings: Record Highs & Heavy Spending—What’s Next?
META to $700? Two Key Reasons Why Its Likely in 2025
The last week of May has the US stock market at a crossroads. With Nvidia (NVDA) earnings set to be revealed at the closing bell, $7 billion in funds could be thrust into the market if a positive result is revealed. If that took place, Wall Street could get the boost it has been hopeful for this year.
There are a host of Magnificent 7 stocks that could benefit from that development. Yet, it could be even more assurance of an impending rally set for one key company. Specifically, Meta Platforms’ stock looks to be bound for the $700 level in 2025 for two key reasons.
Also Read: Meta Platforms Continues AI Push: Launches New Standalone App
Firstly, META’s ongoing AI push has taken place with wondrous results. Since launching in 2023, the company’s AI offerings boast 1 billion monthly active users. Yet, that only increased in Q1, when the figure averaged 3.4 billion. With so much demand for the technology, its implementation has already proved to be a success. As it irons out what the AI is capable of, those numbers could grow even further.
That is only set to be an even greater benefit with the funds that META is placing into AI development; its costs in Q1 jumped 14%, while its revenue reached $42.3 billion, a 16% jump. Subsequently, with over $10 billion in free cash flow, it is set to make a strength an even greater strength.
Secondly, META is already among the most diversified companies in the Magnificent 7. Mark Zuckerberg has not been shy about his belief in the Orion smart glasses. Moreover, it has become a force in the digital advertising space. Ultimately, its diversification and AI boom have the stock set to soar far above its $646 price.
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Meta Platforms: Two Reasons Stock Looks Bound for $700
Throughout the first five months of the year, the US stock market has struggled with consistency. It is no question why, with macroeconomic concerns colliding with geopolitical tensions. However, with things potentially turning around soon, Meta Platforms (META) looks like a stock bound for $700 for two key reasons.
The tech giant has been one of the biggest stories of the year so far. Despite struggling to build any notable momentum, the company is not alone. Many of the Magnificent 7 have been in the same boat, with a development this week potentially ushering in a new bull market for Wall Street. When that comes, META may be in a clear position to soar.
Also Read: Meta (META) Q3 Earnings: Record Highs & Heavy Spending—What’s Next?
META to $700? Two Key Reasons Why Its Likely in 2025
The last week of May has the US stock market at a crossroads. With Nvidia (NVDA) earnings set to be revealed at the closing bell, $7 billion in funds could be thrust into the market if a positive result is revealed. If that took place, Wall Street could get the boost it has been hopeful for this year.
There are a host of Magnificent 7 stocks that could benefit from that development. Yet, it could be even more assurance of an impending rally set for one key company. Specifically, Meta Platforms’ stock looks to be bound for the $700 level in 2025 for two key reasons.
Also Read: Meta Platforms Continues AI Push: Launches New Standalone App
Firstly, META’s ongoing AI push has taken place with wondrous results. Since launching in 2023, the company’s AI offerings boast 1 billion monthly active users. Yet, that only increased in Q1, when the figure averaged 3.4 billion. With so much demand for the technology, its implementation has already proved to be a success. As it irons out what the AI is capable of, those numbers could grow even further.
That is only set to be an even greater benefit with the funds that META is placing into AI development; its costs in Q1 jumped 14%, while its revenue reached $42.3 billion, a 16% jump. Subsequently, with over $10 billion in free cash flow, it is set to make a strength an even greater strength.
Secondly, META is already among the most diversified companies in the Magnificent 7. Mark Zuckerberg has not been shy about his belief in the Orion smart glasses. Moreover, it has become a force in the digital advertising space. Ultimately, its diversification and AI boom have the stock set to soar far above its $646 price.
Read More