Guggenheim analyst Michael Morris raised the firm’s price target on Meta Platforms to $320 from $240 and keeps a Buy rating on the shares. Though improved revenue trends "are the headline" from the company’s Q1 report, accelerated DAU growth fueled by investment in AI recommendations should boost investor confidence that Meta can "effectively compete with TikTok and other platforms for consumer engagement," the analyst tells investors in a post-earnings note.
Published first on TheFly
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