The analysts see the additional growth coming from Meta's investments in artificial intelligence (AI), which is fueling more content recommendations and advertising products. Oppenheimer maintained an outperform (buy) rating on the shares with a $585 price target.
As Meta continues to invest in AI, it should drive higher user engagement across the company's social media platforms and improve advertising performance, potentially benefiting the stock. The stock, with its reasonable valuation, has the potential for further growth.
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