DA Davidson Reiterates Buy on Meta

DA Davidson analyst Gil Luria reiterated a Buy rating on Meta Platforms Inc. (NASDAQ: META).

“Meta has been a significant beneficiary from the advances in AI by selling more ads at higher prices which has driven significant revenue acceleration.

It has not gotten credit because it has increased capex even more. If Meta slows down capex and starts monetizing it, we see significant upside to revenue and cash flow.

It could stay in the race by going back to its open source roots which would present more upside.”

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.