Meta Stock: Morgan Stanley Sees 50% Upside, Despite Recent Selloff
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Meta stock plummeted this week due to legal fines, layoffs, and AI spending plans, but Morgan Stanley analyst Brian Nowak sees it as a buying opportunity. He cut his price target to $775, still predicting a 50% upside from $536. Despite the selloff, Metas core business remains strong, with Q4 revenue up 24% and daily active users climbing. Nowak highlights Metas AI push, which could generate new revenue and save costs. Technicals suggest Meta is at a key support zone, and a buy signal from Morgan Stanley could spark the next leg up.
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