Meta Investors Should Be ‘Opportunistic Buyers’ in the New Year, Analyst Says
Market Intelligence Analysis
AI-PoweredA Baird analyst, Colin Sebastian, suggests that Meta investors should be 'opportunistic buyers' in the new year due to potential AI initiatives and monetization opportunities, despite lowering his price target to $815.
Market impact analysis based on bullish sentiment with 72% confidence.
Article Context
Meta Platforms stock has more room to run as artificial intelligence initiatives and monetization opportunities lie ahead, according to one Baird analyst. Colin Sebastian slightly lowered his price target for Meta to $815 from $820 on Tuesday—but reiterated an Outperform rating on the stock and wrote in a research note that now could be the time to buy. Sebastian’s current price target implies a 23% gain from the stock’s Monday closing price of $661.50.
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