Meta Platforms Stock Target Raised to $900 by Citizens, Citing Strong AI-Driven Growth

Meta Platforms, Inc. (NASDAQ:META) is one of the Hot AI Stocks to Keep on Your Radar. On October 10, Citizens analyst reiterated a Market Outperform rating on the stock with a $900.00 price target.

The firm highlighted how artificial intelligence is a significant growth driver for Meta, boosting advertiser returns and sustaining strong spending across the platform.

Analysts at the firm noted how artificial intelligence is improving every aspect of Meta’s business. They particularly highlighted the launch of Business AI, Meta’s new AI tool for businesses to help answer questions, recommend products, and even handle sales transactions.

Those who have been early adopters of Business AI are already witnessing better conversion rates and higher average order values driven by enhanced upselling capabilities.

Brands are also able to leverage valuable insights into customer behavior based on AI-driven interactions. They use these to address pre-purchase concerns.

Meta has also been updating its content recommendation models to improve recency, reflecting on the significance of AI to deliver meaningful improvements across the company’s business.

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