Investors are aiming for a roughly 14% increase in the share price over the next nine months or so.

According to a Reuters report, social media giant Meta Platforms (META) is planning to cut a significant portion of its workforce. The stock climbed on news of the company’s alleged plans to reduce its headcount by over 20%,

For investors seeking sector exposure, this combination of lower cost and higher momentum could make META a more favorable pick than GOOGL.

It's also an affordable stock after the recent pullback. Meta trades at just 20 times forward earnings. That's a bargain for a tech giant, making Meta the cheapest member of the "Magnificent Seven" by that important metric. If you're looking for undervalued tech stocks to add to your portfolio, Meta is worth considering.

Meta Platforms Inc. will soon cut back on its use of third-party vendors to help with content moderation, relying instead on advanced artificial intelligence systems to detect and remove posts that violate the company’s terms of service.

Meta Platforms, Inc. (NASDAQ:META) ranks among the best FAANG+ stocks to invest in right now. On March 10, Citizens maintained its Market Outperform rating and $900 price target for Meta Platforms, Inc.

Meta introduced four new self-designed AI chips last week, in collaboration with Broadcom.