Analyst Ronald Josey of Citi has reiterated a Buy rating on Meta Platforms, setting a price target of $753.00. This endorsement stems from the company's planned capital expenditures of $60-$65 billion in 2025, which aim to bolster product development, especially in artificial intelligence. Notable projects like Meta AI and Llama 4 are expected to enhance user interaction and create new revenue streams. Additionally, existing AI initiatives have already improved engagement on platforms like Instagram. With a price increase of over 40% in the last six months, both Citi and Bank of America Securities recognize significant growth potential for Meta.
Ronald Josey of Citi maintains a Buy rating on Meta Platforms, backed by a significant investment of $60-$65 billion planned for 2025, showcasing growth potential.
Meta's strategic focus on artificial intelligence, particularly with Meta AI and Llama 4, is set to enhance user engagement and uncover new monetization opportunities.
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