As previously reported, BNP Paribas Exane initiated coverage of Meta Platforms (META) with an Outperform rating and $800 price target Meta, which is “only getting better at monetizing” its 3B user base, can afford to aggressively invest in AI to stay ahead of competitors and leverage its dominance in social media to keep winning in social commerce, the analyst tells investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Meta Platforms initiated with an Outperform at BNP Paribas Exane
- White House pauses EO that would preempt state laws on AI, Reuters reports
- Meta shuts down internal research into social media harm, Reuters says
- New Filing Claims Meta (META) Shut Down Teen Mental Health Research after Negative Results
- Tesla Pushes Ahead With AI5 and AI6 Chips as Stock Struggles for Direction