Meta Platforms’ artificial-intelligence strategy has come with a steep price tag that’s giving many investors pause. But what if CEO Mark Zuckerberg’s big bet pays off? An analyst at Rothschild & Co Redburn is newly optimistic that it will.
In a Monday note, analyst James Cordwell upgraded Meta’s
META stock to buy from neutral, hiking his price target to $900 from $740. The new target implies roughly 37% upside from Friday’s closing price of $658.76. Cordwell said the stock is trading at a serious discount to its long-term value, as investors overlook the massive revenue engine that the company is building.
Is Meta’s stock a steal? Why a new bull sees big gains ahead.
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Meta Platforms’ artificial-intelligence strategy has come with a steep price tag that’s giving many investors pause. But what if CEO Mark Zuckerberg’s big bet pays off? An analyst at Rothschild & Co Redburn is newly optimistic that it will.
In a Monday note, analyst James Cordwell upgraded Meta’s
META stock to buy from neutral, hiking his price target to $900 from $740. The new target implies roughly 37% upside from Friday’s closing price of $658.76. Cordwell said the stock is trading at a serious discount to its long-term value, as investors overlook the massive revenue engine that the company is building.
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