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BofA lifts Meta Platforms (META) target on Reels monetization ramp and growing AI capabilities

January 25, 2024 10:50 AM EST

The Meta Platforms (NASDAQ: META) price target was raised to $425 from $405 at BofA on Thursday, with analysts at the firm reiterating a Buy rating on the stock.

After a strong 2023, Bank of America said the Reels monetization ramp and growing artificial intelligence... More