Social Media Stocks Rally as Truist Sets $1,000 Street-High Meta Target on Muse Adoption: Meta and Snap Climb 4%, Reddit Ticks Up
The new target reflects early Muse AI adoption and keeps Meta at the center of investor bets on ad revenue growth.
4 Articles
4 Articles
Wall Street forecasts suggest that the stock price of Meta, the operator of Facebook and Instagram, could rise to $1,000 (approximately 1.34 million won). This reflects expectations that "Muse," the AI agent launched last month, could establish itself as a new revenue source through subscriptions and enterprise services, while the growth of its existing advertising business continues. However, large-scale capital investment to expand the AI busi…
Social Media Stocks Rally as Truist Sets $1,000 Street-High Meta Target on Muse Adoption: Meta and Snap Climb 4%, Reddit Ticks Up
Truist just handed Meta a price target that towers above Wall Street consensus, and it hinges entirely on whether one AI product can prove itself before Q3 earnings. Snap and Reddit are moving with Meta, but each for a completely different reason.
Truist Says $1,000 for Meta. Our Bull Case Goes Higher
The post Truist Says $1,000 for Meta. Our Bull Case Goes Higher appeared first on 24/7 Wall St.. Meta Platforms (NASDAQ:META) traded at $763.32 midday Tuesday. Our proprietary model puts the 24/7 Wall St. price target at $926.32 over the next 12 months, which works out to 21.35% upside. The model…
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