Jefferies Reaffirms Buy on Meta, $875 PT
Jefferies analyst Brent Thill reiterated a Buy rating and $875 price target on Meta Platforms Inc. (NASDAQ: META).
“Our AI Summit left us incrementally bullish on META. Industry leaders reinforced our view that Muse is a surprising killer product and personal agents represent a massive consumer + enterprise oppty.
Our usage continues to rise as Muse handles increasingly complex tasks on our behalf with impressive effectiveness.
Competition (GOOGL/AAPL etc.) is coming, but at just 19x FY28E EPS, we see compelling risk/reward with room for upside to ests + further rerating.
We are increasingly relying on Muse for more complex tasks. We’ve been surprised by how much responsibility we’ve entrusted Muse with in just a couple of weeks.
From paying parking tickets and finding deals to building detailed trackers and monitors, Muse continues to become a larger part of our everyday lives.”
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