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Meta Platforms Valuation Insights
Wall Street analysts have identified Meta Platforms (NASDAQ: META) as the most undervalued among the 10 companies with trillion-dollar valuations, with a median target price of $850 per share, indicating a 40% upside from its current price of $608. Other tech giants, such as Microsoft and Amazon, show lesser upsides of 26% each, while others like Tesla and Berkshire Hathaway suggest potential declines.
Financial Highlights
In its latest earnings report, Meta reported revenue of $51 billion for the third quarter, marking a 26% increase, with net income of $7.25 per diluted share, up 20%. Despite these strong figures, shares fell 23% from their high, largely due to increased spending on artificial intelligence for ad technology, which is expected to drive earnings growth of 15% annually over the next three years.
Future Opportunities in Augmented Reality
Meta leads the smart glasses market with a 73% share, targeting a space projected to grow from $2 billion to hundreds of billions. The introduction of its Ray-Ban Meta Display AR glasses could position Meta as a significant player in consumer electronics, potentially replacing smartphones in the future.
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