# Meta Stock Reaches Near-Record Highs Ahead of Q2 Earnings: AI Investments Drive Analyst Optimism
In this episode, we delve into Meta Platforms' impressive stock performance as it trades near $700, approaching its 52-week high of $748. With a market cap of $1.77 trillion, Meta now ranks as the sixth largest public company globally. We analyze the company's stellar financial metrics, including 81% gross profit margins and projected Q2 revenue of $45 billion.
Wall Street's growing enthusiasm for Meta is evident through recent analyst upgrades, with price targets from KeyBanc ($800), Canaccord Genuity ($850), and others. These bullish outlooks stem from Meta's strong advertising business and strategic AI investments. We also explore how the rapidly growing Threads platform could become a significant revenue contributor within two years.
Tune in as we examine what to expect from Meta's July 30th earnings report and how the company's AI advancements are creating new monetization opportunities that have analysts consistently rating it as a "buy" or "outperform" among tech giants.
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This content was created in partnership and with the help of Artificial Intelligence AI