Evercore ISI's Mark Mahaney sees the potential for more upside ahead for Meta , despite the stock's monster rally so far this year.
It's a big week for mega tech earnings and the social media giant is expected to report on Wednesday.
META YTD mountain Meta's year-to-date performance Meta has been able to recover its advertising momentum, said Mahaney, Evercore's head of internet research, in an interview with " Squawk Box " Friday.
The company will give next year's forecast on capital expenditures and total expenses during its earnings report — one of the few who does so, Mahaney said.
"If that shows continued moderation in growth, the year of efficiency becomes the years of efficiency [and] this stock rerates higher because Meta is the cheapest high-quality tech stock out there at 16 times earnings," he said.
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Evercore, Mark Mahaney, It's, Meta, Mahaney
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