"Analyst Boosts Price Targets for Meta and Amazon, Sending Stocks Soaring"
TL;DR
Meta stock and Amazon are both trading higher after a Wall Street analyst team raised their price targets for the companies. Jefferies raised its target price for Meta to 585 from 550 and for Amazon to 225 from 190, citing advantages in digital advertising and strategic investments in artificial intelligence. Meta stock is up over 3.5% and Amazon stock is up over 1%, with both companies approaching all-time highs.
- Meta Stock, Amazon Rising After Analyst Ups Price Targets For Both Investor's Business Daily
- Meta climbs to record after analyst lifts price target, says company 'has too many advantages to count' CNBC
- Why Meta Platforms Stock Was Climbing Today Yahoo Finance
- Meta shares head for record close MarketWatch
- Meta has 'too many advantages to count,' could get added boost from AI: Jefferies Seeking Alpha
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