Analyst revises Meta stock price target
METAMeta Platforms(META) Finbold·2024-11-20 20:37

Meta Platforms Inc. (NASDAQ: META) has received a significant boost in investor confidence as Jefferies analyst Brent Thill reiterated a “Buy” rating on the stock while raising the price target to $675.Thill’s bullish stance centers on Meta’s strategic hiring of Clara Shih, the former CEO of AI at Salesforce (NYSE: CRM), and the establishment of its new Business AI group.According to Thill, Meta’s latest moves reflect its commitment to becoming a frontrunner in the AI revolution, especially in monetizing AI ...