Is Meta Platforms Stock Going to $935? 1 Wall Street Firm Thinks So.
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Meta Platforms' stock has risen 23% year-to-date, with Tigress Financial raising its price target from $645 to $935. The company is benefiting from strong AI investments, with revenue projected to grow 22% in 2024. Despite the stock trading at 28 times 2025 earnings estimates, reaching the new target would require a valuation of 37 times this year's earnings. While higher spending on AI could impact earnings growth, Meta's recent earnings report has bolstered investor confidence in its AI strategy, positioning it well for long-term returns.
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