Meta Platforms, Inc. (NASDAQ:META) is one of the 13 Best Long Term Growth Stocks to Invest in Right Now. On June 24, DBS analyst Sachin Mittal maintained a Buy rating on Meta Platforms, Inc. (NASDAQ:META) and set a price target of $800. The analyst supported the optimistic rating with the company’s strategic initiatives and solid financial performance.
A team of developers working in unison to create the company’s messaging application.
The analyst reasoned that Meta Platforms, Inc. (NASDAQ:META) reported notable revenue and earnings growth in fiscal Q1 2025, exceeding market expectations. Revenue for the quarter experienced a 16% year-over-year growth to $42.31 billion, while average price per ad rose 10% year-over-year. The analyst attributed the strong performance to lower-than-expected tax expenses and a surprise in profit margins.
Mittal further reasoned that Meta Platforms, Inc. (NASDAQ:META) is focusing on improving its Reels feature and expanding its AI capabilities, factors that are anticipated to drive long-term growth. The introduction of ads on WhatsApp and the company’s notable investment in AI infrastructure further support the analyst’s positive outlook.
Meta Platforms, Inc. (NASDAQ:META) develops social media applications and operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The Family of Apps segment covers Instagram, Facebook, WhatsApp, Messenger, and other services, while the Reality Labs segment encompasses mixed, augmented, and virtual reality-related software, hardware, and content.
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