Reported 1 day ago
Bernstein analyst Mark Shmulik has rated Meta Platforms, Inc. (NASDAQ:META) as the top consumer AI investment, with an Outperform rating and a target price of $900. The firm highlights Meta's strong AI initiatives, which contributed to a 22% year-over-year revenue growth in Q2, and believes that the company is on track to rival Google's ad revenue by 2026. Despite the costs of AI investments, Bernstein remains optimistic about Meta's future performance.
Source: YAHOO