Meta climbs to record after analyst lifts price target, says company ‘has too many advantages to count'

Meta shares rallied to a record on Thursday after analysts at Jefferies and RBC raised their price targets, citing the company's improving position in the digital ad market.shares rose as much as 4.6% on Thursday and climbed to a record after analysts at two firms raised their price targets on the stock, citing optimism over the company's growing market share in digital advertising.

Additionally, the analysts said Meta could capture as much as 50% of incremental industry ad dollars this year, an increase from 33% in 2023. They also predicted Meta could outgrowin digital ads in recent years, as third-party sellers have been forced to spend heavily on the platform to promote their products and maintain visibility with consumers.'s gains.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Jefferies likes these dividend-growing stocks for 2024Investors searching for income could be well-rewarded by turning to dividend-growing stocks, according to Jefferies.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »