A Struggling Tech Giant Could Be Headed For Liftoff Soon, Analyst Argues

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The Street

By Danni Button It’s time to invest in a beaten down name, Oppenheimer analyst argues. Shares of one of tech’s biggest names have come under relentless pressure over the past year as its CEO pursued a quixotic quest to develop the next big thing. But that slide may finally have hit bottom, one analyst argues. Oppenheimer analyst Jason Helfstein’s annual price target indicates that Meta Platforms (META) – Get Free Report could see as much as a 27% jump in stock price over the coming year. His conclusion comes as a result of Meta’s big investments in artificial intelligence and initiatives to cu…

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