Meta Stock: $750 Target Stays as Analysts Expect AI Gaps to Close

Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks in the Spotlight TodayOn July 14, Citizens JMP analyst Andrew Boone reiterated a “Market Outperform” rating on the stock with a $750.00 price target.

Citing a SemiAnalysis report that discusses Meta’s challenges with its Llama AI model, the firm concluded that Meta’s shortcomings in artificial intelligence are mainly coming from its architectural decisions.

Particularly, it talked about Meta’s use of chunked attention versus sliding window attention and expert choice routing instead of token choice routing. Another factor causing challenges for Meta is its data quality issues. For instance, the company doesn’t train on YouTube data, and there are also concerns about how it tests its models.

Meta Stock: $750 Target Stays as Analysts Expect AI Gaps to Close

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Even though Meta is facing all these challenges, the SemAnalysis report expressed optimism that Meta will fill in the AI gaps that it has currently, particularly as it increases its GPU capacity and continues to build a robust AI team.

While we acknowledge the risk and potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.