3 Reasons Meta's Profits Could Soar in 2024
Meta Platforms (NASDAQ: META) has yet to return to its highly profitable ways, but that could be about to change.
After a severe downturn in earnings last year, Meta's tracking right in line with its 2022 results through the first six months of 2023. And while investors have reason to expect strong growth in the back half of the year, 2024 could be even better.
There are three big reasons Meta will see its profit growth accelerate in 2024: Reels, messaging, and artificial intelligence (AI).
Source Fool.com
Meta Platforms Inc. Stock
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With 10 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 11.71% for Meta Platforms Inc. compared to the current price of 447.6 €.
