Sky's the Limit: Morgan Stanley Analyst Sees Huge Upside for Meta Platforms
Portfolio Pulse from Anusuya Lahiri
Morgan Stanley analyst Brian Nowak reiterated an Overweight rating on Meta Platforms, Inc (NASDAQ:META) with a price target of $375. He sees potential for growth in ad revenue, particularly through Reels and click-to-message (C2M) features. He also highlighted the potential of AI-powered agents in WhatsApp, Messenger, and Instagram to increase search and shopping capabilities. Despite the positive outlook, META shares were trading slightly lower.
September 07, 2023 | 7:27 pm
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Morgan Stanley analyst sees significant growth potential for Meta Platforms, particularly in ad revenue and AI-powered agents. Despite this, shares were trading slightly lower.
The analyst's positive outlook on Meta Platforms, particularly in terms of ad revenue growth and the potential of AI-powered agents, is likely to have a positive impact on the company's stock. However, despite this positive outlook, the company's shares were trading slightly lower, which may indicate some market skepticism or other factors at play.
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