Analysts foresee higher revenue for Meta as user engagement on Instagram Reels increases, potentially boosting stock price with a raised price target of $590 by Citigroup.
Meta's heavy investment in AI for content recommendations and advertising is expected to enhance user experience and align ads with interests, potentially increasing user engagement.
Citigroup analysts mention positive advertising load tracker for Instagram Reels, indicating progress from AI-recommended content and growing advertiser demand, leading to raised revenue estimates.
Meta's strong growth in revenue and earnings in the past year, coupled with projected 35% earnings-per-share growth, make its stock appealing with a forward P/E ratio of 25.
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