Meta's digital advertising share can double in 2024: Analyst

02/07/2024 00:00
Meta's digital advertising share can double in 2024: Analyst

Within the past 5 days, Meta (META) shares have risen over 14% after beating Wall Street estimates in its fourth quarter, posting $40.11 billion in revenue versus an expected $39.18 billion expected. As Wall Street continues to focus on AI and tech leaders, many investors question who will be the top players in the space. Raymond James Managing Director Josh Beck joins Yahoo Finance to discuss why Meta's performance and investments in AI will make them a top leader in the space. Beck explains his bullish call on Meta when it comes to AI: "They're a little bit of [an] unsung hero, I would say. When people think of AI, I think they think of Nvidia (NVDA), they think of Microsoft (MSFT), rightfully so, both companies have done really well. What I think has gone unnoticed is really some of the incremental monetization opportunities in advertising..." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

Within the past 5 days, Meta (META) shares have risen over 14% after beating Wall Street estimates in its fourth quarter, posting $40.11 billion in revenue versus an expected $39.18 billion expected. As Wall Street continues to focus on AI and tech leaders, many investors question who will be the top players in the space.

Raymond James Managing Director Josh Beck joins Yahoo Finance to discuss why Meta's performance and investments in AI will make them a top leader in the space.

Beck explains his bullish call on Meta when it comes to AI: "They're a little bit of [an] unsung hero, I would say. When people think of AI, I think they think of Nvidia (NVDA), they think of Microsoft (MSFT), rightfully so, both companies have done really well. What I think has gone unnoticed is really some of the incremental monetization opportunities in advertising..."

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Nicholas Jacobino

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