Meta earnings preview: Will the good times keep rolling?

) will report its third quarter earnings on Wednesday after the bell, and is coming into this cycle on a roll.

Meta shares have risen 150% year-to-date, massively outperforming both the S&P 500 and the Nasdaq Internet Index, which are up around 11% and 34% this year, respectively.42 attorneys general "With street cautious on expense and capex guide, key driver for stock will be 4Q revenue guidance, and we expect a strong 4Q," wrote Bank of America's Justin Post, who rates the stock a Buy, on Oct. 20. "We think the stock can see renewed enthusiasm on 2024 upside potential – Reels, Messaging, AI-driven ad spend.

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