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Meta Platforms Wins a New Street-High Price Target – TipRanks

Now is the time for vintage Metaplatform (NASDAQ:META) investors. The company’s stock has benefited greatly from the rally in AI-focused technology stocks, rising 161% over the past year.

But the gains are based on more than just hype. Following the recent strong fourth quarter performance, the stock recorded a 20% rise in his single day, in the process just a single session he increased Meta’s market cap to $197 billion. Added a huge amount of money. This is the largest single-day increase in stock market history.

Does that mean that stocks are now so hot that they become unmanageable? Not at all. That seems to be the answer from Tigress Financial’s Ivan Feinseth, a five-star analyst who ranks in the top 3% of stock experts on the Street.

Not only does Feinseth believe there is still room for growth, he recently reaffirmed his “strong buy” rating on Meta stock. He raised his price target to a high of $575 from $435, suggesting a 23% upside potential from current levels. (Click here to see Feinseth’s track record)

Feinseth summed up his bullish stance: “META is well positioned to benefit from ongoing innovation. Increased integration of AI capabilities and new product introductions will further increase user engagement, while continued cost discipline will support performance trends and shareholder This will further accelerate value creation.”

In fact, Feinseth, who consistently invests in enhancing AI tools and capabilities, thereby driving engagement and revenue growth, believes that META is “one of the best ways to monetize the AI ​​opportunity. ”.

Needless to say, when it comes to the company’s position in the digital advertising space, Feinseth expects the social media giant to continue to leverage its dominant position and expand user engagement. Its success was driven by effective click-to-action conversion rates, which indicate “improved ad performance.” It’s all about leveraging AI extensively across advertising platforms, delivering a compelling in-platform advertising experience that seamlessly connects advertisers and marketing data.

The problem is that there is still significant growth potential, driven primarily by the continued opportunity to monetize important apps such as Instagram, Messenger, and WhatsApp. Additionally, we remain committed to maximizing shareholder returns. Meta recently announced an additional $50 billion share repurchase authorization and introduced its first quarterly dividend of $0.50 per share.

That’s Tigress’ take, but what does the rest of the street think about META? Almost everyone is onside. The stock claims a consensus rating of Strong Buy, based on a combination of 38 Buys, 2 Holds, and 1 Sell. The current average price target is $525.59, implying a 10% upside for the stock in the coming months. (look Meta stock price prediction)

To find good ideas for trading stocks at attractive valuations, visit TipRanks’ Best Stocks to Buy, the tool that unites all of TipRanks’ equity insights.

Disclaimer: The opinions expressed in this article are solely those of the featured analysts. Content is for informational purposes only. It is very important to perform your own analysis before making any investment.

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