Citi Reiterates Buy Rating on Meta Platforms, Keeps Price Target at $195

Meta Platforms, Inc. (NASDAQ:META) is one of the Top 10 Long-Term Stocks to Invest In According to David Tepper. On September 24, Citi reiterated the Buy rating on Meta Platforms, Inc. (NASDAQ:META), keeping the price target at $915.

Ronald Josey from Citi remains positive on Meta as the company raises the stakes in Big Tech’s fight against AI regulation. Meta is investing millions into a new super PAC to overcome state-level policy proposals that could restrain AI development, as per Axios. Meta’s pro-AI PAC is the company’s latest effort to fight off gruelling AI and tech policy bills across the country.

Citi Reiterates Buy Rating on Meta Platforms, Keeps Price Target at $195

Meta App 3D sign

The company’s latest super PAC is called the American Technology Excellence Project. Meta’s spokesperson Rachel Holland mentioned that the company is investing ‘tens of millions’ into the project.

On top of this, Citi sees Meta’s latest AI glasses as a major catalyst for the company. The analyst believes that adoption of AI glasses could reach a ‘tipping point’ in 2026 as the device capabilities increase.

As of September 30, Meta Platforms, Inc.’s (NASDAQ:META) average price target of $880, based on analysts’ estimates, implies an upside of almost 19.83% from current levels.

Meta Platforms, Inc. (NASDAQ:META) is a leading technology company that engages in the development of products that offer connectivity among people. The company offers connectivity services through its social media platforms and its VR, mixed reality headsets, and wearable products.

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 META and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.