META:NAS is forecast to deliver 22% revenue growth this year, with sustained growth driven by AI and digital advertising.
Meta announced its Q3 results on October 30th, reporting 20% revenue growth and 26% operating profit growth. Q4 revenue should be $45-48 billion.
Meta was added to our US Tech Disruptors portfolio in August last year, and since then, the stock has increased 120%.
META:NAS is under Algo Engine buy conditions and remains a current holding, up 100% after a 444-day holding period.
Meta reported better-than-expected Q3 earnings on the top and bottom line, growing revenue at double digits. Meta outperformed other big tech companies by a large margin.
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
Or start a free thirty day trial for our full service, which includes our ASX Research.