1 Wall Street Analyst Thinks Meta Platforms Stock Is Going to $750. Is It a Buy?
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JMP Securities analyst Andrew Boone has raised the price target for Meta Platforms (META) to $750, suggesting a 25% upside from the current price of $599. Despite a significant rise in stock value, Boone believes the stock remains undervalued, citing strong growth prospects driven by AI advancements and increased capital expenditures. Meta's Reality Labs division, although currently unprofitable, is expected to gain traction with the launch of Ray-Ban smart glasses. Analysts predict a decline in earnings growth for 2025, but long-term double-digit growth could justify the stock's value.
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