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208 days

Meta Stock Had a Great 2024. These Analysts Are Still Upbeat. - Barron's

1. BofA maintains a Buy rating on META with a $710 target. 2. META stock saw a 65% gain last year, outperforming GOOGL. 3. Analysts emphasize AI's role in boosting ad revenues and growth. 4. Cost discipline and messaging revenues contribute to positive outlook. 5. Short-term gains from AI and advertising are key focus areas.

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FAQ

Why Bullish?

BofA's upgraded target indicates strong confidence in META's continued growth potential, similar to past bullish trends seen post-positive earnings reports.

How important is it?

This analysis is crucial as it highlights future growth catalysts for META related to advertising and AI, significant for long-term investors.

Why Long Term?

The emphasis on AI and cost discipline suggests sustainable growth, akin to META's previous recovery phases that yielded long-term benefits.

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