Meta's huge AI investment is expected to boost returns and ease investor spending concerns

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 49%
  • Publisher: 72%

Advertising News

Amazon.Com Inc,Microsoft Corp,Alphabet Inc

KeyBanc analysts see 'potential for upside on AI investments flipping to monetization earlier than we envision.'

Artificial intelligence-driven momentum in Meta Platforms' advertising business is boosting Wall Street's confidence that the company's massive investment in AI will deliver substantial revenue over time. KeyBanc on Wednesday increased its Meta price target to $540 per share from $475 — citing a "meaningful uptick in Meta ad prices" quarter to date.

mountain Meta stock performance year-to-date. Riding the tech and AI trade, Meta shares closed at a record high of $527 each on April 5. The stock pulled back some going into the company's first-quarter results after the bell on April 24. The next day shares sank 10.5% on weak revenue guidance and an increased capital expenditure outlook. On the post-earnings call, management said it will continue to "invest aggressively to support our AI research and product development efforts.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

KeyBanc analysts raise price target and earnings estimates for Meta stockKeyBanc analysts raise price target and earnings estimates for Meta stock
Source: Investingcom - 🏆 450. / 53 Read more »