Analysts Revise META Stock Price Target: Strong Growth Anticipated
Analysts Revise META Stock Price Target Amid Strong Growth Outlook
Meta Platforms (NASDAQ: META) has started the year strongly, with its shares rising over 6% year-to-date. Analysts view the company’s continued investments in artificial intelligence (AI) as a significant long-term growth driver, even as they address concerns regarding substantial expenditures.
Analysts Express Optimism for META
As the January 29 earnings call approaches, numerous analysts have revised their price targets for Meta stock upwards, reflecting optimistic expectations for the company's performance. Currently, Meta's stock is priced at approximately $623.50, which is just 1.44% below its all-time high of $632.68 reached on December 11, 2024.
- Jefferies analyst Brent Thill: Maintains a 'Buy' rating with a price target of $715, citing long-term opportunities.
- Cantor Fitzgerald: Slightly lowered its target to $720 but holds an Overweight rating.
- Raymond James: Raised its target from $675 to $725, emphasizing that 2025 could be pivotal due to advances in generative AI.
The Future of Meta’s Stock
Analysts anticipate robust growth for Meta, particularly in the advertising domain with emerging opportunities through platforms like Instagram Reels in light of competitive pressures. Despite potential short-term challenges, the overall sentiment remains bullish.
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