Reported 1 day ago
BofA has raised the price target for Meta Platforms, Inc. (NASDAQ:META) from $690 to $765 while maintaining a buy rating, citing improved macroeconomic conditions and optimism about the company’s AI-driven marketing potential. Additionally, Meta has acquired a 49% stake in ScaleAI for $14.8 billion, raising concerns about market competition and regulatory scrutiny, especially from critics like Senator Elizabeth Warren.
Source: YAHOO