Shares of Meta Platforms Inc. have fallen 20% since the company’s third-quarter earnings report last month. While some are concerned about potential overspending on artificial intelligence, Wedbush Securities analyst Scott Devitt is doubling down on the stock.
In a Thursday note, Devitt added Meta
META to the firm’s “Best Ideas List.” That evolving group of high-conviction stock picks has delivered double the returns of the S&P 500 index SPX year-to-date.
Meta’s stock is now this analyst’s ‘best idea.’ Why all the AI spending could be worth it.
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Shares of Meta Platforms Inc. have fallen 20% since the company’s third-quarter earnings report last month. While some are concerned about potential overspending on artificial intelligence, Wedbush Securities analyst Scott Devitt is doubling down on the stock.
In a Thursday note, Devitt added Meta
META to the firm’s “Best Ideas List.” That evolving group of high-conviction stock picks has delivered double the returns of the S&P 500 index SPX year-to-date.
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