Reported 11 months ago
Shares of Meta Platforms surged on Wednesday morning, climbing 3.1% due to increased price target by Raymond James analyst Josh Beck to $550 from $525. Beck's confidence in Meta's generative AI initiatives, particularly with LLaMA 3, highlights the company's potential in the AI sector. Meta's strategic AI advancements, including LLaMA models and data-driven advertising, present a significant revenue expansion opportunity, alongside benefiting from the rebound in digital advertising. At a price of 27 times earnings, Meta emerges as a promising investment option with vast growth prospects.
Source: YAHOO