Meta Earnings Preview: AI, Instagram Reels, and 2024 Stock Outlook

The article provides an earnings preview for Meta (formerly Facebook) ahead of its first-quarter 2023 results. It highlights the company’s focus on artificial intelligence (AI) and the potential impact of AI on its products and services. Meta has been investing heavily in AI, with CEO Mark Zuckerberg emphasizing its importance for the company’s future. The article also discusses the performance of Instagram Reels, Meta’s short-form video feature, and its competition with TikTok. Additionally, it explores analysts’ expectations for Meta’s stock price in 2024, with some projecting a potential upside. The key takeaways include Meta’s AI ambitions, the growth of Instagram Reels, and the outlook for the company’s stock price in the coming year.

Source: https://markets.businessinsider.com/news/stocks/meta-earnings-preview-1q-stock-price-outlook-ai-instagram-reels-2024-4