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September 26, 2024 6:00 AM EDT
JPMorgan analyst Doug Anmuth raised the price target on Meta Platforms Inc. (NASDAQ: META) to $640.00 (from $610.00) while maintaining a Overweight rating.
The analyst comments "Meta Connect highlighted continued progress across the companys AI ambitions, which are driving early returns through core product enhancements around content & ads, new products such as Meta AI, and the Metaverse. META noted that 1M+ advertisers are leveraging Gen AI ad tools, & Gen AI ad campaigns are resulting in 11% higher click-through rates & 7.6% higher conversion rates. META AI has 400M+ MAUs & 185M WAUs, and... More
September 26, 2024 5:31 AM EDT
Citi analyst Ronald Josey reiterated a Buy rating and $645.00 price target on Meta Platforms Inc. (NASDAQ: META).
The analyst comments "Metas new AI products, features, and devices announced at Connect 24 make us incrementally confident that its product innovation can deliver increased... More
