Meta Earnings: Stock Rebounds as AI and Metaverse Plans Offset Ad Competition

Meta's earnings call is scheduled for Wednesday after markets close. Analysts expect revenue of $33.6B and EPS of $3.64.

Meta is transitioning to AI and the metaverse as it faces competition from Apple.

Meta's stock has rebounded 143% from its low last September. Shares are up 160% YTD.

Most analysts rate Meta stock a Buy, with an average price target of $368.40.

Ad expert believes Meta's ad business is improving but expectations may be inflated. Revenue growth could moderate.