Meta stock surged after the company beat earnings expectations and announced a new dividend.

By: AHSAN MUMTAZ Learn more

– The company's revenue and earnings per share came in above analyst estimates.

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[{"selector":"#anim-022b8b87-cc3d-4d5a-bab4-9ee0e39d34d8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a6277bb9-b80f-4cb6-aab0-d3455847d795","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fb4f398f-9de2-4a43-9c1b-b37c99c1b202","keyframes":{"transform":["translate3d(0px, 154.49736%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] – Meta also announced plans to spend more on artificial intelligence.

[{"selector":"#anim-02f99b59-4103-4aee-8851-49a8059795bc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-85e5b19a-b5ae-4db5-8c97-a2b649edd051","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7747da39-51fc-4b42-bbf7-f5bb7b278074","keyframes":{"transform":["translate3d(0px, 141.29240%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] – Analysts responded positively to the news, raising their price targets for the stock.

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