UBS Raises Meta Price Target by $129, Driven by AI Revenue from Messaging and Assistant Tools – Investing.com UK

UBS has raised its price target for Meta by $129, attributing this increase to anticipated revenue growth from artificial intelligence (AI) applications in messaging and assistant tools. Analysts at UBS believe that Meta’s investments in AI will enhance user engagement and drive new revenue streams, particularly through improved functionality in its messaging platforms. The firm is optimistic about Meta’s strategic focus on AI, viewing it as a significant driver for financial performance. Additionally, the rise reflects broader confidence in the company’s ability to adapt and innovate in the evolving tech landscape. This adjustment marks a keen acknowledgment of Meta’s potential in leveraging AI to boost profitability, positioning it favorably against competitors in the digital communication space.

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