Professional
Added to YB: 2024-12-03
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
Alger Spectra Fund Portfolio Holding: Meta Platforms, Inc.
META: Q2 beats, raised FY24 guidance. AI boosts ad monetization, targeting & delivery. Higher user engagement from video ranking & content recs. Ad placement optimization in videos & campaign automation driving growth. 3B+ MAU, 95%+ revenue from ads, split evenly between NA & intl.
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