Meta Platforms (META) merits a premium valuation multiple compared with peers because of near-term tailwinds and longer-term strategic advances, Deutsche Bank said Thursday in a report.
Meta has invested in user engagement growth, strengthened its advertising platform and accelerated AI model training, the report said.
Capital investments are "having strong returns in terms of engagement and ad performance, which is translating to Meta's current durable advertising revenue growth," the report said.
Deutsche Bank boosted its price target on Meta stock to $670 from $650 with a buy rating.
On Wednesday, Meta reported stronger-than-expected Q1 results and projected revenue growth in Q2 from Q1.
Meta shares rose 4.5% in recent Thursday trading.
Price: 573.95, Change: +24.95, Percent Change: +4.54
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。