Meta Platforms, Inc. (NASDAQ: META) is a trending AI stock with Canaccord Genuity analyst raising the price target to $850.00. Analysts are optimistic about strong Q2 results due to AI-driven improvements in content creation and ads recommendation models.

Recent AI investments and technical infrastructure build-out support Meta’s goal of enabling brands to create and target ads using AI by the end of 2026. Q2 forecasts predict ad revenue and total revenue to increase ~14% y/y, with potential upside risk to OpEx guidance.

While Meta shows promise as an investment, some believe other AI stocks offer greater potential and less risk. For those seeking undervalued AI stocks, a free report on the best short-term AI stock is available for consideration.

Read more at Yahoo Finance: Meta’s AI Innovations Drive $850 Price Target as Analysts See Strong Q2 Ahead