Optimism concerning Meta's commercial trajectory and stock valuation for the present fiscal cycle is unmoved. Foreseeing a surge in annual earnings per share to $19.92 from $14.51 recorded in the previous year has certainly raised some eyebrows. Moreover, analysts suggest a staggering revenue influx of $158.2 billion for the fiscal year 2024, signifying a remarkable annual growth rate of 17.3% for Meta.
According to experts, if they are better at reaping from the AI sector compared to its counterparts, it may prove challenging for smaller social media rivals to match Meta's exponential growth trajectory. For now, Meta continues to innovate by introducing novel products and services catering to users, content creators, and advertisers.
But what do the numbers say? Well, Meta's bullish performance in recent times is anticipated to sustain momentum. Although its adept utilization of AI technology perpetuates positive investor engagement, the onus lies on the company to demonstrate progress.
Market Info as of 16/04/2024
Market Cap: 1.28 trillion USD
Current Stock Price: $500.23
52-week range: $531.49 (high) & $207.13 (low)
Earnings Per Share: $14.87 for the 2023 fiscal year
Dividend Yield: 0.40%