Reported 2 days ago
Meta Platforms, Inc. has received a price target increase to $850 from $825 by Canaccord Genuity analyst Maria Ripps, reflecting optimism for solid Q2 results driven by AI innovations. Despite a slight quarterly revenue deceleration, ad revenue growth is projected to remain robust thanks to new generative ad models. Meta's investments in AI, including acquisitions and talent recruitment, position it well for future growth, aiming for a significant automation of advertising by the end of 2026.
Source: YAHOO