Analysts think there's still room for Meta shares to run, even after the company posted disappointing metrics in its latest quarterly report .
Wall Street majors are largely optimistic on Meta over the next year, with most firms assigning a price target that implies at least 5% upside.
META remains best early GenAI winner in the group," Morgan Stanley analyst Brian Nowak wrote in a note to clients.
Shmulik has a price target on the high range of the Street.
"We're constructive on the core business, we believe Meta can continue delivering revenue growth above expectations."
Persons:
Bernstein, Goldman Sachs, Morgan Stanley, Brian Nowak, " Nowak, Deutsche Bank's Benjamin Black, Mark Shmulik, Shmulik, Meta
Organizations:
Meta, Facebook, Wall, Lab, Reality Labs, Bank of America, Barclays, Citi, Deutche, Deutsche, —
Locations:
U.S