Veteran Fund Manager Raises Price Target for Meta Platforms Amid Strong AI Developments

Reported about 13 hours ago

Veteran fund manager Chris Versace has raised his price target for Meta Platforms' stock to $850, highlighting the company's strong performance driven by advancements in artificial intelligence and advertising gains. Despite concerns over rising capital expenditures, Meta is expected to benefit from a growing user base and greater efficiency in its ad system, reinforcing its position in the digital advertising space.

Source: YAHOO

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