Meta Stock Rebounds to Trillion-Dollar Market Cap
Earnings and Operating Margin Fuel Growth
April 22, 3:06:54 PM GMT-4
Meta Platforms Inc. (META) has regained its trillion-dollar market capitalization status, driven by strong earnings and an impressive operating margin.
The social media giant's trailing-twelve-month earnings-per-share currently stands at $8.58. This represents a significant increase from the previous year's EPS of $7.10.
Meta's operating margin has also expanded to 42.1%, a notable improvement from 39.8% in the same period last year. This improvement suggests that Meta is becoming more efficient in managing its expenses.
Analysts believe that Meta's strong performance is likely to continue. Wedbush Securities analyst Daniel Ives recently upgraded Meta's stock rating from "neutral" to "outperform," citing the company's "significant catalysts" for growth.
Ives noted that Meta's core Facebook platform continues to generate strong engagement, while its investments in new technologies such as the metaverse and artificial intelligence are expected to drive future growth.
Meta's stock price has responded positively to these positive developments. On April 22, the stock closed at $204.78 per share, up 3.2% from the previous close.
Get real-time updates on Meta Platforms Inc. by clicking here.
Komentar