New Street analyst Dan Salmon upgraded Meta Platforms to Buy from Neutral with a price target of $350, up from $285. The analyst is “hearing very positive feedback” on Meta’s artificial intelligence efforts. While the stock is up 140% this year, last week’s launch of Llama 2 should help continue the momentum, the analyst tells investors in a research note. Llama 2 is the next generation of Meta’s open source large language model.
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