Citi opens 'upside 90-day catalyst watch' on Meta Platforms $META
Citi analyst Ronald Josey added an "upside 90-day catalyst watch" on Meta Platforms while keeping a Buy rating on the shares with an $800 price target ahead of the company's Connect conference on September 23.
The firm expects Meta to provide provide clarity on its product strategy, with updates for Muse, its next-generation models, and Meta glasses.
The company's product roadmap brings "multiple catalysts ahead," the analyst tells investors in a research note. Citi expects Meta's new AI products to drive better engagement and monetization over time.