Meta Platforms (Facebook) Stock News

STOCKHOLM , Sept. 26, 2024 /PRNewswire/ -- In a whimsical world where reality and fantasy intertwine like the threads of the White Rabbit's waistcoat, the mad hatters at Cortopia Studios have once more crafted an all-new adventure where cleverness and curiosity rule the day.

Over the past two years, the so-called “Magnificent 7” group of mega-cap tech stocks have dominated the market's overall performance.

Investors who followed my Meta $127 buy call from January 2023 will be doing very nicely indeed seeing a near 350% increase. However, the social media giant is potentially looking for another sizable move in its share price, with $775 as a next stop. I am Justin Ward, a future pricing analyst for major financial markets and author.

Meta Platforms Inc's (NASDAQ:META, ETR:FB2A, SWX:FB) shares look set to open higher in New York trading after CEO Mark Zuckerberg unveiled new augmented reality (AR) glasses and updates at the company's annual developer conference. The glasses, named Orion, can project digital images, games, and communications into the real world.

Meta stock was headed higher early Thursday, as investors digested the AI and metaverse plans from yesterday's Connect event.

Meta Platforms remains a "Buy" due to strong earnings, new AI features, and Ray-Ban smart glasses, which could drive future growth. META's Q3 earnings showed a 22% YoY revenue increase, driven by higher ad prices and impressions, with a 58% jump in operating income. New AI features and Ray-Ban glasses are expected to boost user engagement and monetization, potentially leading to higher EPS and ...

Since Mark Zuckerberg rebranded Facebook to Meta Platforms (NASDAQ: META) on October 28, 2021, the resulting company's success has continued to demonstrate why this was such a good decision, including in terms of its earnings, as well as the price of its stocks.

Facebook is once again presenting problems ahead of a presidential election, but this time it's local officials sounding the alarm. Interviews with nearly a dozen regional and statewide officials with election-related duties underscore the challenges Facebook poses.