Analysts are Upgrading These 10 AI Stocks - Insider Monkey
Raymond James recently upgraded Meta Platforms Inc (NASDAQ:META) shares citing Meta Platforms Inc’s (NASDAQ:META) generative AI ambitions. The firm’s analyst Josh Beck increased his price target on the stock to $550 from $525. Meta Platforms Inc (NASDAQ:META) is using AI for optimizing ad targeting and recommendation systems to boost engagement and ads revenue. In the first quarter, Meta Platforms Inc’s (NASDAQ:META) revenue jumped 27% to $36.5 billion, with 97% of this revenue coming from ads. Reels, which is showing strong engagement, saw a 20% ad load in the first quarter, compared with 16.2% in the same quarter last year. Despite slipping stock after revealing higher CapEx, analysts believe the spending into AI projects will benefit the stock in the long term.
RiverPark Large Growth Fund's Outlook on Meta Platforms Inc (NASDAQ:META)
RiverPark Large Growth Fund stated that Meta Platforms Inc. (NASDAQ:META) reported accelerating revenue growth and expanding margins driven by a rebound in online advertising and strong user growth. The company's revenue acceleration includes new products like Reels and Threads. Advertiser adoption of Meta’s AI targeting tools helped drive strong ROI and higher spend across multiple categories. META owns multiple social media platforms with more than a billion users, has an 81% gross margin, and generated $44 billion of FCF in 2023. Despite a stock price advance, META shares trade at 20x Wall Street’s consensus estimates for 2025 EPS.
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