Famous Investor Remains Very Upbeat on META Platforms (META)

Meta Platforms, Inc. (NASDAQ:META) and its CEO, Mark Zuckerberg, are “delivering” and “executing,” while the tech giant’s “fundamentals” are strong,  Stephanie Link, who frequently appears on CNBC, said on the channel recently.

Link is the Chief Investment Strategist at Hightower Advisors.

Meta Platforms, Inc. (NASDAQ:META) Reported “Great” Q1 Results, Link Says

The advertising behemoth delivered “the best” first-quarter earnings out of all of the Mag 7 names, Link said. In addition to providing “beat-and-raise” earnings, Meta Platforms, Inc. (NASDAQ:META) generated revenue growth of 16% in Q1, versus the same period a year earlier, Link noted.

Additionally, its margins climbed 3.6 percentage points year-over-year, the famous investor pointed out.

Calling the overall results “remarkable,” Link added that Meta Platforms (NASDAQ:META)’s free cash flow, capital spending, and operating expenditures “all (moved) in the right direction.”

Finally, she is pleased with Meta’s decision to continue investing heavily in AI.

The Recent Price Action of META Stock

In the last month, the shares have climbed 17%, while they have fallen 5% in the last three months.

While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than META and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.