Reiterates Overweight rating as confidence in AI strategy grows
Morgan Stanley has boosted its price target on Meta Platforms (NASDAQ:META) from a previous level to $850, while maintaining an Overweight rating. The upgrade reflects the firm’s growing confidence in Meta’s AI and VR initiatives, which it believes are driving long-term value.
Analysts cited strong earnings momentum and strategic positioning in emerging technologies as key reasons behind the raised target.
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