$900 Price Target Drives Growth and Investor Confidence
Meta Platforms remains in the spotlight of investors when the Citizens JMP analyst repeats a Market Outperform rating and a price target of $900. The company is currently traded at $775.72 and has a market capitalization of $1.95 trillion. Over the past half year, Meta has gained its value by 33%, which can be majorly attributed to its strategic focus on creative advertising material and continued innovations in user interaction.
Ad Innovation Drives Growth
As stated by Citizens JMP, the quality of the creatives in advertising is one of the key success determinants of the auctioning algorithm that Meta offers. The algorithm measures the value of aggregate advertisement by multiplying the bids placed by advertisers with the predicted rate…
