Meta Platforms Stock Hits 52-Week High: Is There Still Room to Jump?
Meta Platforms(META) ZACKS·2024-12-05 01:36
Meta Platforms (META) shares hit a 52-week high of $614.20 on Dec. 3 and finally closed at $613.65, up 73.3% year to date (YTD). Its shares have outperformed the Zacks Internet Software industry’s gain of 37.8% and the Zacks Computer & Technology sector’s return of 30.6% over the same time frame.Is there still room for the META stock to run? Let’s find out.META’s AI-Driven Ad System Boosts Advertiser ReturnsMETA is leveraging its proprietary machine learning system, Andromeda, for retrieval in ad recommenda ...