Truist analyst Youssef Squali has raised the price target for Meta Platforms (META) from $875 to $900, maintaining a Buy rating on the stock. The revision follows Meta’s stronger-than-expected fourth-quarter results and a positive first-quarter outlook.
The analyst highlighted robust advertising demand, driven in part by advancements in artificial intelligence that are enhancing Meta’s ad products. These factors contributed to the improved financial guidance and optimism about the company’s near-term performance.
**Why this matters**
The price target increase signals confidence in Meta’s ability to capitalize on AI-driven ad innovations, which are key to sustaining revenue growth. Investors may view this as an indication of the company’s potential to maintain strong advertising momentum in a competitive market.
Source: News Source