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Meta Platforms’ Bright Future: Citi Analyst Predicts Strong Growth In Ads, AI Innovations | Technology News
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Meta Platforms’ Bright Future: Citi Analyst Predicts Strong Growth In Ads, AI Innovations

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Benzinga

Citi analyst Ronald Josey reiterated a Buy rating on Meta Platforms Inc (NASDAQ:META) with a price target of $440. With the broader online advertising environment strengthening in the fourth quarter, the analyst’s Reels tracking suggests fourth-quarter ad load expanding (albeit at a slower pace). The analyst also noted that newer ad products are attracting greater demand. Also Read: Meta Platforms Is Wall Street’s Top Internet Pick, Analysts Laud AI Investments and Advertising Strength Josey’s Reels ad load tracking suggests ad loads expanded to 19.1% in the fourth quarter and +20bps quarter-o…

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