BofA Securities Reiterates Buy Rating on Meta Platforms Inc. (META)

BofA Securities analyst Justin Post reiterated a Buy rating and $900.00 price target on Meta Platforms Inc. (NASDAQ: META)

The analyst comments: "According to The Information, Meta is planning a fourth overhaul of AI efforts in six months. The company is expected to divide its new AI unit, Superintelligence Labs, into four groups: a new "TBD Lab", a products team including the Meta AI assistant, an infrastructure team, and the Fundamental AI Research lab focused on long-term research. The report noted Meta's plans for restructuring have not been announced internally and could change. Our Take: The frequency of reorganizations highlights both the strategic importance and potential complexities of Meta’s AI goals. While reshuffling may raise concerns on Meta’s AI execution, the AI opportunity is still very early, and Meta has a track record of execution around new services. We continue to see Meta as well positioned for AI given massive user base and tech infrastructure, maintain Buy."

For an analyst ratings summary and ratings history on Meta Platforms Inc. click here. For more ratings news on Meta Platforms Inc. click here.

Shares of Meta Platforms Inc. closed at $785.23 yesterday.

You May Also Be Interested In