Meta Platforms, Inc. (NASDAQ:META) is one of the 10 Trending AI Stocks on News and Ratings. On July 2, Cantor Fitzgerald analyst Deepak Mathivanan reiterated an “Overweight” rating on the stock with a $807.00 price target.
The rating affirmation comes despite Meta facing the risk of daily fines of up to 5% of its daily revenue from the European Commission in the case that its revised payor-consent ad model remains non-compliant with the Digital Markets Act.
The firm is optimistic that Meta will be able to deal with changes to its EU advertising model with “relatively minimal disruption.” However, it is monitoring the EU’s guidance on Meta’s current low-targeting model to assess sensitivity.
In other news, Baird raised the firm’s price target on the stock to $740 from $635 and kept an “Outperform” rating on the shares. The firm had updated its model following its Advertiser AI survey.
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