Reported 28 days ago
Bernstein analyst Mark Shmulik has raised the price target for Meta Platforms Inc. (NASDAQ:META) from $700 to $775, citing the company as a 'clear AI winner' and highlighting positive trends in advertising revenue. The growth potential is bolstered by the introduction of WhatsApp ads and an increase in Threads adoption, despite concerns over financing AI infrastructure. Long-term growth drivers are projected to include wearables and generative AI ad creative.
Source: YAHOO