Piper Sandler raised the firm’s price target on Meta Platforms (META) to $670 from $650 and keeps an Overweight rating on the shares following an advertising buyer survey. The firm says there is “still a lot to like” at Meta. Teen engagement with Instagram and FB Blue has been improving, which is “impressive” given Meta’s scale and existing brand, the analyst tells investors in a research note. Further, there is little question Meta has the best CEO in consumer internet, contends Piper. The firm says that although not evident in its survey work, it sees Meta as an artificial intelligence technology leader.
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