Meta Stock Price Soars With $811 Target As Mark Zuckerberg Shares Key AI Vision

The Meta stock price has soared to an all-time high, with a flurry of renowned analysts giving a bullish outlook for the stock. Notably, it comes after Mark Zuckerberg’s firm shared its AI visions in a developer event, sparking market optimism. Given the rising demand and popularity of artificial intelligence solutions, Zuckerberg’s firm appears to be shifting its focus toward the industry.

Mark Zuckerberg Shares Key AI Vision

Meta CEO Mark Zuckerberg has recently shared key AI-focused initiatives of the firm at the annual “Meta Connect” event. During the event, the CEO revealed its plan for advanced mixed reality, AI integration, and cutting-edge wearable tech.

Looking at the current Meta stock price, it appears that the unveiling of the initiatives during the event has sparked investors’ optimism. The focus on Meta’s AI capabilities, particularly its ambition to develop the most widely used AI assistant, is driving enthusiasm.

With plans to reach 500 million monthly active users by year-end, Zuckerberg’s firm is taking aggressive steps to capitalize on the AI boom. The upcoming country launches and the introduction of celebrity-voiced AI assistants, such as John Cena and Judi Dench, further emphasize Meta’s commitment to leading this space.

In addition, it also unveiled plans to launch several other products like the Meta Quest 3S Mixed Reality headset, now priced at $299, offering a more affordable entry into immersive tech. Besides, it also cuts the price of the Quest 3 with 512GB storage from $699 to $499, reinforcing its efforts to make virtual reality more accessible to consumers. This move signals a competitive stance in the evolving mixed reality market.

Meanwhile, a key highlight was the introduction of Llama 3.2, the firm’s first open-source multi-modal AI model which can interpret both images and text. This innovation is likely to become a critical player in AI-driven tools, further strengthening Meta’s foothold and challenging OpenAI dominance in the space.

Notably, OpenAI has recently faced criticism from figures like Elon Musk for its recent shift towards a for-profit business model.

META Stock Price Soars Amid Bullish Analysts’ Outlook

Rosenblatt Securities, in response to the recent developments, significantly raised its target for META stock price from $643 to $811, underscoring its confidence in the company’s direction. This upgrade comes with a solid buy rating, suggesting that investors can expect sustained growth.

On the other hand, Oppenheimer also maintained its outperform rating for the stock with a $615 target. Meanwhile, as of writing, META stock was traded near the flatline at $565.02, after touching an intraday-high of $576.88.

Meanwhile, this also marks an all-time high for the company’s stock, reflecting the increasing focus of the Wall Street participants towards the stock. Notably, on a YTD basis, the stock has added more than 65%, amid a growing demand for AI-related products and services.

However, it’s worth noting that it also comes just after Kamala Harris pledged US dominance in the AI and blockchain space.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
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