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Citigroup Raises Price Target on Meta Platforms to $645 From $580, Maintains Buy Rating
Citi analyst Ronald Josey raised the firm’s price target on Meta Platforms to $645 from $580 and keeps a Buy rating on the shares. Meta shares gained about 1% in premarket trading.As Reels ad load and usage continue to expand, Meta’s discovery engine and content recommendation models, powered in part by its investments in generative artificial intelligence, are a competitive advantage and represent a clear path of large language models return on investment, the analyst tells investors in a resea
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