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Jefferies, a well-known investment bank on Wall Street, released the latest research report, drastically raised the target share price of tech giant MetaPlatforms from $710 to $875, and reaffirmed the stock's “buy” rating. Jefferies analysts pointed out that Meta's continued investment in the field of artificial intelligence is being transformed into a growth engine for the core advertising business, and its strong ecological monetization capabilities will be further unleashed. By the latest close, Meta's stock price surged 11.43% in a single day to $741.25. Based on the latest closing price, the new price target set by Jefferies means that the stock still has about 18% potential upside.
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Jefferies, a well-known investment bank on Wall Street, released the latest research report, drastically raised the target share price of tech giant MetaPlatforms from $710 to $875, and reaffirmed the stock's “buy” rating. Jefferies analysts pointed out that Meta's continued investment in the field of artificial intelligence is being transformed into a growth engine for the core advertising business, and its strong ecological monetization capabilities will be further unleashed. By the latest close, Meta's stock price surged 11.43% in a single day to $741.25. Based on the latest closing price, the new price target set by Jefferies means that the stock still has about 18% potential upside.
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