Meta: Jefferies raises TP

(CercleFinance.com) - Jefferies confirms its 'buy' recommendation on Meta Platforms shares, while raising its target price for them from $715 to $810, on the heels of a quarterly publication that impressed, with 21% y-o-y revenue growth.


Growth forecasts of 11% to 18% (excluding currency effects) in Q1 suggest that Meta's AI investments in the advertising business will fuel double-digit growth on a large scale, the broker says.


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