Citizens JMP Reiterates Market Outperform Rating on Meta Platforms Inc. (META)

Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating and $750.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst commented, “In Meta’s (META, MO, $750 PT) internal tests, ad campaigns using AI-generated images saw an 11% higher click-through rate and a 7.6% higher conversion rate compared to those that didn’t. This as advertisers showing campaigns with core creative building blocks see a 16% lower CPA, 29% higher conversion rate and 11% greater reach across Reels, Feed, and Stories. Additionally, data suggests the top 2% of creatives drove 53% of total spend. While non-gaming apps spend $7M+ per quarter now average 2,365 creatives per quarter.”

For an analyst ratings summary and ratings history on Meta Platforms Inc. click here. For more ratings news on Meta Platforms Inc. click here.

Shares of Meta Platforms Inc. closed at $697.71 yesterday.

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