MarketPR
KeyBanc raised its price target for Meta Platforms to $900 from $780, while Cantor Fitzgerald lifted its target to $860 from $680, with both firms maintaining Overweight ratings.
The revisions cite momentum around Meta's Muse AI assistant and the emergence of multiple revenue growth paths.
Analyst Justin Patterson at KeyBanc argues that Muse's performance suggests consumer AI sentiment is poised to improve.
He notes that Meta now has "multiple paths to drive revenue growth," expecting product innovation to accelerate medium-term revenue and earnings, which supports further multiple expansion.
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