Meta Rebounds in 2022 on Cost Cuts and AI Focus, Poised for Further Growth
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Meta's business and stock rebounded in 2022 after cost cuts and increased ad volume. The stock is now near its previous highs.
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Meta is becoming an AI powerhouse, spending billions on resources and implementing AI across its products.
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Analyst estimates call for 20% annual earnings growth due to the rebound and AI potential.
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Despite doubling in 2022, Meta trades at a reasonable P/E of 25 based on 2023 estimates given its growth prospects.
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With continued user growth, progress in AI, and proven management, Meta has potential to reach and exceed a $1 trillion valuation.