Meta shares are trading higher after TD Cowen upgraded the stock from Market Perform to Outperform and raised its price target from $220 to $345. It was also reported the company will release a commercial AI model.
Portfolio Pulse from Benzinga Newsdesk
TD Cowen has upgraded Meta's stock from Market Perform to Outperform and raised its price target from $220 to $345. Additionally, Meta is set to release a commercial AI model.
July 13, 2023 | 11:38 am
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POSITIVE IMPACT
Meta's stock has been upgraded by TD Cowen, with a raised price target. The company is also releasing a commercial AI model.
The upgrade from TD Cowen and the raised price target indicate a positive outlook for Meta's stock. The release of a commercial AI model could potentially boost the company's revenues and profitability, which would further support the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100