UBS raised the firm’s price target on Meta Platforms (META) to $812 from $683 and keeps a Buy rating on the shares. Meta is benefiting from consumer and advertiser demand for AI, and there is a longer term opportunity for the company to extract incremental revenue from various AI products, the analyst tells investors in a research note. Meta is also not necessarily exposed to the danger of what may be slower-than-anticipated enterprise AI spend, as it is the primary user of its own technology, UBS says.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Meta’s use of books to train AI protected by fair use, Bloomberg Law reports
- Microsoft (MSFT) Sued By Authors Over AI Copyright Claim
- AI Daily: Federal judge rules in favor of Anthropic in AI copyright case
- How Once-Laughed-at Gadgets Became Stock-Market Staples
- Google Pledges $100 Million for 4% Stake in Gentle Monster to Revive Smart Glass Ambitions