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With a year-to-date gain of nearly 70%, Meta Platforms (META) is outperforming the Nasdaq Composite Index ($NASX) this year. The Facebook parent would have been the second-best performing “Magnificent 7” stock this year behind Nvidia (NVDA), just as it was last year, if not for the splendid rally in Tesla (TSLA) shares following the U.S. presidential election.
Life has now come full circle for Meta, whose revenues fell year over year in 2022. It was struggling to justify its position in the coveted Magnificent 7 group. It also faced flak for rising expenditures on the metaverse — a segment that’s lost billions of dollars over the last couple of years. However, Meta and its CEO Mark Zuckerberg proved naysayers wrong. The company delivered stellar top-line and bottom-line growth in both 2023 and the first nine months of 2024. In this article, we’ll look at Meta's 2025 forecast as artificial intelligence (AI) fuels the next leg of its growth.
