AI empowerment + advertising technology advantages highlighted, Citigroup strongly recommends Meta as the top pick
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At the Cannes International Creativity Festival, Citigroup analysts listed Meta Platforms as a "preferred stock" and raised the target price from $690 to $803. Meta is considered one of the best platforms for precise audience targeting, with its stock price rising nearly 2% and a cumulative increase of 22% for the year. Jefferies analysts reiterated a target price of $790, emphasizing Meta's new AI advertising tools and AI smart glasses developed in collaboration with Ray-Ban, believing these innovations create significant growth opportunities for Meta
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