Professional
Added to YB: 2024-10-24
Pitch date: 2024-09-30
META [bullish]
Meta Platforms, Inc.
+12.47%
current return
Author Info
No bio for this author
Company Info
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality and mixed reality headsets, augmented reality, and wearables worldwide.
Market Cap
$1.6T
Pitch Price
$575.70
Price Target
N/A
Dividend
0.33%
EV/EBITDA
16.04
P/E
28.46
EV/Sales
8.61
Sector
Interactive Media and Services
Category
growth
Baron Opportunity Fund Portfolio Holding: Meta Platforms, Inc.
META: Q3 revenue +22% YoY, outpacing digital ad industry. AI improving content recommendations, ad targeting. Strong adoption of Reels, Advantage+. Open-source AI strategy (Llama 3) competitive with closed models. Meta AI reaches 500M MAU. Focus on profitability, efficient innovation. Long-term growth potential in mobile ads, AI, and user base.
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