Analyst issues new Meta stock price target after ‘deeply undervalued’ call
The post Analyst issues new Meta stock price target after ‘deeply undervalued’ call appeared on BitcoinEthereumNews.com. Meta Platforms (NASDAQ: META) has received a fresh bullish endorsement on Wall Street after Truist Securities reaffirmed its ‘Buy’ rating and maintained an $840 stock price target. The target implies upside of about 37% from Meta’s press-time price of $612. META one-week stock price chart. Source: Finbold The updated outlook comes as the firm argued that Meta remains deeply undervalued, citing the company’s massive global user base and growing ability to monetize artificial intelligence across its ecosystem. Truist analyst Youssef Squali’s thesis centers on Meta’s unique distribution advantage, which includes more than 3.5 billion daily users, over 200 million small and medium-sized businesses, and more than 10 million advertisers across its platforms. According to the research note, Meta’s AI strategy is increasingly focused on monetization rather than solely compet