Major Bank Ratings | Morgan Stanley: Reiterates "Overweight" Rating for Meta and Sets Target Price at $775
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Glonghui April 1st｜Morgan Stanley analyst Brian Nowak reiterated an "Overweight" rating on Meta and set a target price of $775 in a research report, making the company his top pick among his coverage. The bank noted that although investor sentiment is low, Meta's core digital advertising business remains robust. The report forecasts that Meta's annual advertising revenue will grow by 28% in 2026 and 21% in 2027, both exceeding market expectations. User engagement is accelerating, giving Meta more time and engagement to achieve monetization.
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