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Wolfe Research Raises Meta (META) Price Target, Cites AI Strength and TikTok Ban Upside

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We recently published a list of Top 10 AI Stocks on Wall Street's Radar. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against other AI stocks on Wall Street's Radar.
Wolfe Research has raised its price target for Meta Platforms (META) to $530 from $430, citing the company's strong position in artificial intelligence (AI) and potential benefits from a possible TikTok ban in the U.S. Analyst Zach Edwards highlighted Meta's advancements in AI, particularly in ad targeting and content recommendation, which are expected to drive revenue growth. Additionally, the firm sees an upside for Meta if TikTok faces regulatory challenges, as this could lead to a shift in market share towards Meta's platforms like Instagram Reels and other short-form video features. The price target increase reflects optimism about Meta's future performance, driven by these factors.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/wolfe-research-raises-meta-meta-price-target-cites-ai-strength-and-tiktok-ban-upside/ar-AA1x7Us3 ]