UBS: Meta's customer AI demand is strong, significantly raising the target price to $812
UBS analysts on Thursday significantly raised the target price for Meta Platforms from $683 to $812, stating that the company will benefit from consumer and advertiser demand for artificial intelligence. The investment bank indicated that this move is based on the long-term opportunity for the company to generate additional revenue from various AI products, particularly in Business Messaging and Meta AI. UBS expressed greater confidence in Meta's ability to execute its general artificial intelligence capital expenditure plan and believes that Meta can maintain a high growth rate in advertising revenue over a longer period. They also noted that Meta "may not be affected" by the risk of corporate AI spending potentially falling short of expectations, as the company is a major user of its own technology
According to Zhitong Finance APP, UBS analysts on Thursday significantly raised the target price for Meta Platforms (META.US) from $683 to $812, stating that the company will benefit from consumer and advertiser demand for artificial intelligence. The investment bank indicated that this move is based on the long-term opportunities for the company to generate additional revenue from various AI products, particularly in Business Messaging and Meta AI.
UBS expressed greater confidence in Meta's ability to execute its general artificial intelligence capital expenditure plan and believes that Meta can maintain a high growth rate in advertising revenue for a longer period. They also noted that Meta "may not be affected" by the risk of corporate AI spending potentially falling short of expectations, as the company is a major user of its own technology
