Reported about 19 hours ago
Loop Capital has upgraded Meta Platforms (NASDAQ:META) to a 'Buy' with a price target increase from $695 to $888, attributing the upgrade to strong AI advancements that have offset revenue decline from reduced spending by Chinese advertisers. As a result, META is expected to outperform its peers in the Mag-7 group throughout the year, securing its position as a leading AI stock on Wall Street.
Source: YAHOO