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Up 290% Since The Start Of 2023, Where Is Meta Platforms Stock Headed?

Meta Platforms stock (NASDAQ: META) has rallied 290% since the beginning of 2023, while the S&P500 gained 30% over this period. ....

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meta profit: Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound

Meta Platforms Inc. tripled its profit to $14 billion, or $5.33 per share, in Q4 2023, up from $4.65 billion, or $1.76 per share, a year earlier. Revenue grew 25% to $40.11 billion from $32.17 billion. Monthly active users on Meta s apps reached 3.98 billion, up 6% from 2022. Meta is forecasting Q1 2024 revenue of $34.5 billion to $37 billion, above expectations. It had 67,317 employees as of Dec. 31, 2023, a decrease of 22% year-over-year. ....

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meta results: Facebook-parent Meta beats revenue estimates on digital ad strength

Meta Platforms, the owner of Facebook and Instagram, reported better-than-expected profits and revenue for Q3 2023. The company s strong performance was attributed to cost-cutting measures and a recovery in digital advertising ahead of the holiday season. Meta s operating margins doubled to 40%, and it also reduced expenses for the year. ....

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