Mizuho initiated coverage of Meta Platforms (META) with an Outperform rating and $925 price target. The firm states the stock is its favorite long-term holding in the Internet group as it has the best leverage to AI/ML and Generative-AI in its space, which are transforming its consumer product, user engagement, ad products, and operations, the analyst tells investors in a research note. Meta also benefits from running a frontier lab and deploying AI across a substantial product set and 3.5B DAUs – daily active users – without structural risks that Google (GOOGL) faces, the firm added.
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