Meta Platforms (META) has shown impressive execution, bouncing back from a setback in 2022 to deliver 706% in gains. CEO Mark Zuckerberg invested in Reality Labs, which paid off due to advancements in artificial intelligence (AI). Piper Sandler analysts are bullish on META stock, projecting 16% year-over-year revenue growth and a price target of $808.

Analysts credit Meta’s success to AI enhancements, making ads more efficient and boosting the core social media algorithm. Meta’s revenue growth is supported by its Family of Apps segment funding billions in AI and data center spending. Mark Zuckerberg announced plans for massive AI data centers, with the first expected in 2026.

Despite differing views, 45 out of 54 analysts rate META stock as a “Strong Buy,” with a price target range of $525 to $935. The majority are optimistic about Meta’s future growth and potential, emphasizing the positive impact of AI investments on the company’s performance and profitability.

Read more at Yahoo Finance: Meta Platforms Has Some of the ‘Best Execution.’ Why Analysts Love META Stock Here.