UBS raised the firm’s price target on Meta Platforms (META) to $812 from $683 and keeps a Buy rating on the shares. Meta is benefiting from consumer and advertiser demand for AI, and there is a longer term opportunity for the company to extract incremental revenue from various AI products, the analyst tells investors in a research note. Meta is also not necessarily exposed to the danger of what may be slower-than-anticipated enterprise AI spend, as it is the primary user of its own technology, UBS says.
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