Raymond James analyst Josh Beck resumed coverage of Meta Platforms with a Strong Buy rating and $425 price target. The firm’s “Behind the scenes AI” thesis is rooted in Meta’s internalization of modern AI and ML frameworks, while its rising Reels/C2M adoption are contributing to a multi-year platform engagement tailwind, the analyst tells investors in a research note. The elevated near-term AI investment intensity at Meta should also ease in the years ahead, paving the way for improved incremental margins, the firm aded.
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