Doug Anmuth from J.P. Morgan reaffirmed a Buy rating on Meta Platforms, elevating the price target to $640, citing strong strides in AI and core business performance.
Anmuth emphasized the impressive early results of Meta's AI-driven advertising tools, predicting that by the end of 2024, their AI could become the world's leading assistant.
While acknowledging substantial investments for innovation—such as the Quest 3S headset—Anmuth remains confident that Meta's robust operational results validate the financial commitment to AI and the Metaverse.
Roth MKM similarly sustained a Buy rating on Meta, setting a $550 price target, reflecting a consensus optimism in the long-term growth potential of the company.
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