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Bank of America: Raises Meta Target Price to $660
The Bank of America Securities report pointed out that Meta's third-quarter revenue beat market expectations, mainly due to the benefit of artificial intelligence (AI) -driven usage and improved advertising targeting, while earnings per share continued to exceed expectations. The bank believes that Meta's AI-driven advertising improvement still has room for several quarters, seeing its strong growth momentum in 2025, including AI and video-driven usage growth trends, AI solutions (Advantage +) b...
2024-11-01 07:28:03
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