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Goldman Sachs remains bullish on Meta stock

Yahoo Finance Video

Yahoo Finance Live’s Brian Sozzi breaks down a Goldman Sachs analyst’s Buy rating on Meta stock.

Video transcript

[AUDIO LOGO]

BRIAN SOZZI: All right, before we head to break, Goldman Sachs analyst Eric Sheridan staying bullish on Meta, even in the face of the stock's post-earnings surge on Thursday. Sheridan rates the stock a buy and sees 10% more upside. Says the analyst, "While debates will likely persist around product transitions and industry platform headwinds in the quarters and years ahead, we remained focused on Meta's large-scaled audience across their family of apps against which the company can continue to align evolving consumption habits within short form, video messaging commerce, augmented reality, and social connections." Lots to consider there. A buy rating by Sheridan.