Meta Platforms received significant bullish support from analysts, with Jefferies reiterating a Buy rating and Morgan Stanley forecasting a surge to $1,000, both citing strong potential from AI integration and ad algorithm revenue growth.
- Jefferies maintained a Buy rating, setting a price target of $910 based on the potential of AI integration.
- Morgan Stanley dismissed concerns over AI spending, forecasting the stock could reach up to $1,000 driven by revenue growth from improved ad algorithms.
- The stock is currently trading in the pre-market at $647.33, aligning with a recent broader tech downtrend.