$META - META: AI UPSIDE KEEPS BUY CASE STRONG
BofA reaffirmed its Buy rating on Meta with an $835 price target.
The firm sees further upside from stronger AI models, MTIA chip progress, and new AI monetization opportunities. Better-than-expected Q2 results could reinforce AI-driven ad growth, while greater clarity on AI infrastructure value may support a higher valuation. Meta still trades below its recent peak multiple, leaving room for upside.
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