Meta: Innovation Keeps Snowballing

Summary:

• Meta’s strong financial performance and innovation in AI and AR/VR support a ‘Strong Buy’ rating, with a 20% stock gain since the last recommendation.
• AI integration in social media platforms and the new ‘Threads’ network are promising growth drivers, enhancing ad targeting and user engagement.
• Meta’s Q3 revenue grew 19% YoY, with a 35% increase in net income, despite significant R&D investments in AR/VR and AI infrastructure.
• The stock is attractively valued with a fair share price of $671, offering 17% upside potential.

Introduction

Meta (NASDAQ:META) has kept investors happy as the stock gained around 20% since my ‘Strong Buy’ recommendation on May 10. The company keeps driving innovation, which is accompanied by consistently strong financial performance. The valuation is still attractive, meaning that

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