Morgan Stanley raised the firm’s price target on Meta Platforms to $575 from $550 and keeps an Overweight rating on the shares. Following a Q2 beat, the firm calls Meta “the best case study of how GPU-enabled analyses of leading first party data sets can drive material improvements.” The firm expects Meta to continue to invest aggressively in GenAI and GPU-enabled improvements on its core platform with an ROIC and success-based focus and “that view didn’t change” following the company’s Q2 report, the analyst tells investors.
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