Jefferies Analyst Raises Price Target for Meta Platforms to $585 Amid Record High
Thursday, 4 April 2024, 20:51
Jefferies Analyst Raises Price Target
Jefferies analyst Brent Thill has raised the price target for Meta Platforms (META) to $585 from $550, anticipating a positive trajectory for the company.
Record High for Meta Platforms
Shares of Meta Platforms (META) reached an all-time high, reflecting strong investor confidence in the company's growth.
Market Share Acceleration Predicted
Brent Thill suggests that Meta's market share gains will gain momentum, with expectations for accelerated growth in 2024.
Ad Business Comparison with Amazon
Brent Thill also predicts that Meta's ad business could surpass Amazon's in 2024, marking a significant milestone since 2015.
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