Analysts and investors are actively debating the future of the Meta Platforms stock (NASDAQ:META), one of the leading Artificial Intelligence (AI) stocks. A good number of strong buy AI stocks are vying for attention with Meta, NVDA, and TTD leading the race. Despite being underperformers compared to other stocks like Nvidia, Meta has recorded consistent rises with major stakeholders, including FIL Ltd and Globalt Investments LLC, increasing their shares in the company.
Having more than doubled its Q1 profit, Meta has launched a dividend scheme, stimulating speculation about a possible stock split. High-profile investors are already seeing potential in the stock with billionaire Israel Englander considering it a top pick for 2024. CEO Mark Zuckerberg significantly sold shares worth over $8 million, while other insiders have been seen offloading stock as well. Meanwhile, the Meta stock price has surged over 450% from its 2022 lows, encouraging more investors to consider the buying option. Despite some setbacks like weak guidance and Q1 revenue guidance pulling shares down after hours, experts see the stock as undervalued and ripe for investment.
Meta Platforms Stocks News Analytics from Mon, 29 Jan 2024 08:00:00 GMT to Sun, 16 Jun 2024 12:04:00 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor -1
