JMP Securities raised the firm’s price target on Meta Platforms (META) to $750 from $660 and keeps an Outperform rating on the shares. The firm views 2025 as a year of technology “inflection” for multiple major new technologies as generative artificial intelligence is operationalized and autonomous vehicles become more widespread. JMP’s 2025 top internet picks are Meta, DoorDash (DASH) and Oddity (ODD). With Meta reportedly bringing to market Ray-Ban Meta glasses with a display in the second half of 2025, investors are more likely to give it credit for its extended reality investments that today account for billions in operating losses, contends the firm. Meanwhile, JMP believes Meta’s artificial intelligence can sustain advertising revenue growth in 2025 as generative AI begins to be integrated more deeply.
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