Meta's stock price surged by 20%, reaching a new high. Investment banks claim that their AI potential ranks among the top three among the "seven giants"
王俊杰2017
发表于 2024-2-3 10:51:31
193
0
0
On Friday, February 2nd, during US stock market trading, Meta Platforms surged by over 20%, setting a new historical high for its stock price. At the same time, a group of technology giants such as Microsoft, Amazon, and Nvidia strengthened, allowing the Nasdaq to lead the three major indexes in strong non-agricultural sectors.
Recently, investment bank Raymond James analyst Josh Beck said, "Forget the 'Big Seven', the popular club for technology stocks may be 'MnM'. MnM usually refers to 'M&M's', a chocolate bean brand under the US food giant Mars Group.".
Beck explained that his MnM refers to Microsoft, Nvidia, and Meta, three large technology companies that will become leaders in the AI era. As the backbone of the AI craze, the positions of Microsoft and Nvidia are self-evident, while Meta is in this elite camp due to its latest performance.
Yesterday after market hours, Meta released its fourth quarter financial report for 2023, showing a revenue of $40.11 billion and a profit per share of $5.33, both higher than Wall Street analysts' expectations. The company executives also revealed during a conference call that through the application of AI technology on advertising platforms, Meta is continuously improving its advertising service capabilities and receiving positive feedback from customers.
Meta CEO Mark Zuckerberg also mentioned that as the community and business continue to grow, "we have had a good quarter. We have made significant progress in driving the vision of AI and the metaverse."
In addition to positive performance reports, Meta announced that it will distribute a quarterly dividend of 50 cents per share to shareholders registered before the close of February 22 on March 26, marking its first quarterly dividend distribution in history. At the same time, the company will also carry out stock repurchases with a scale of up to $50 billion (approximately RMB 360 billion).
Amidst the bombardment of numerous positive factors, investment banks such as Citigroup, Barclays, Wedbush, and Goldman Sachs have raised their target price for Meta's stock price, with Raymond James raising his original $450 to $550 and maintaining a "strong buy" rating. As of publication, Meta's per share is close to $480.
Beck said that Meta's opportunities may not be as obvious on the surface as Microsoft and Nvidia, but he sees the potential for the company to unleash $25 billion to $60 billion in incremental revenue in AI and AIGC, which will be achieved through providing AI chatbots for businesses and AI tools for marketers.
According to Ken Gawrelski, an analyst at Wells Fargo, Meta's investment in AI indicates that the company is "attacking" and these investments have the opportunity to expand the stock's returns. He rated the stock as "overweight" with a target price of $536, compared to $438 previously.
Evercore's Mark Mahaney pointed out that Meta has $65 billion in cash on its balance sheet, and the step of using $50 billion to repurchase stocks at this stage is "correct and appropriate." Mahaney rated the stock as "outperforming the market," and adjusted the target price from $425 to $550.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Tesla's share price soared by 22%, and Musk "win thoroughly"
- Tesla's stock price rises 22%, Musk's wealth skyrockets by over $26 billion overnight
- Tesla exploded! The stock price has risen by nearly 22%, and the market value has increased by $150 billion! What happened?
- Bank of America raises JD's target stock price to HKD 173
- Reddit achieves profitability for the first time, with stock price soaring by 25%
- The stock price of "AI demon stock" Supermicro Computer plummeted due to financial fraud scandal
- SoftBank's Masayoshi Son: Nvidia's stock price 'undervalued', expected to achieve 'super AI' by 2035
- Global markets: European and American stock markets close lower, AMD stock price drops by over 10%, international gold price continues to hit new historical highs
- Est é e Lauder unexpectedly withdraws its full fiscal year 2025 performance outlook, with stock prices plummeting nearly 20%
- Intel's Q4 revenue outlook higher than expected, stock price surges after hours
-
苹果知名分析师郭明錤周四(10月31日)在社交媒体上发文表示,苹果明年可能会减少对芯片制造商博通Wi-Fi芯片的依赖,并推出自己的处理器。 郭明錤在社交媒体平台X上写道,“在2025年下半年的新产品(例如iPh ...
- uturn
- 昨天 14:42
- 支持
- 反对
- 回复
- 收藏
-
10月30日,小鹏汽车生态企业小鹏汇天宣布,旗下分体式飞行汽车“陆地航母”即将亮相2024中国航展,11月12日将在中国航展第二展区(斗门莲洲)进行全球首次公开飞行,同时“陆地航母”也将在珠海国际航展中心8号 ...
- yxtianyouyou
- 前天 11:43
- 支持
- 反对
- 回复
- 收藏
-
交易所监管文件显示,当地时间11月1日,亚马逊创始人杰夫·贝索斯拟出售约1635万股亚马逊股票,预计套现约30.5亿美元。今年7月,贝索斯已申请额外出售约2500万股亚马逊股票,按当时股价计算可套现约50亿美元。 ...
- blueskybb
- 13 小时前
- 支持
- 反对
- 回复
- 收藏
-
近日,凯撒海湾目的地(山东)运营管理有限责任公司(简称“凯撒海湾”)与携程旅悦集团签署战略合作协议,双方将围绕“海上目的地运营”、“旅游产品与服务创新”、“研学旅行”、“日韩及海外旅游市场开拓”等 ...
- llyyy2008
- 11 小时前
- 支持
- 反对
- 回复
- 收藏