Baird Raises Meta Platforms, Inc. (META) Price Target After AI Event

Meta Platforms, Inc. (NASDAQ:META) is among the 11 best places to invest money without risk. Analysts at Baird increased the price target for Meta Platforms, Inc. (NASDAQ:META) to $740.00 from $635.00, with an unchanged Outperform rating. This surge follows the company’s “Conversations” event, which outlined AI-powered products and seamless integration with the giant’s Advantage+ advertising platform.

The research firm highlighted that the initiation of Commerce, Ads, and Agents across WhatsApp and Messenger platforms is a bold and important step to enhance incremental messaging revenues. According to Baird, click-to-message (CTM) ads will translate to an impressive $15 billion to $20 billion run rate, with WhatsApp ads tracking toward as much as $10 billion over the next few years. There’s nothing ordinary about these figures.

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From expectations of $10 billion in revenue from additional subscriptions and fees to a total messaging monetization opportunity of approximately $40 billion to $50 billion, Meta Platforms, Inc. (NASDAQ:META) can expect $100 per share contribution in enterprise value.

Meta Platforms, Inc. (NASDAQ:META), headquartered in California, develops products that allow its users to connect and share with friends and family via mobile devices, personal computers, augmented reality, and other devices. Founded in 2021, the company operates through two segments: Family of Apps (FoA) and Reality Labs (RL).

While we acknowledge the potential of META to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KR and that has 100x upside potential, check out our report about this cheapest AI stock.

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