Meta Stock Could Rise 27% From Here, Says Analyst. AI Investments Are Driving Ad Growth.

The move by

Meta Platforms

into artificial intelligence and its cost-cutting plans are catalysts for growth, according to analysts.

Oppenheimer analyst Jason Helfstein increased his 12-month price target on


(ticker: META) to $235 from $220, which implies a 27% jump from its current share price. Helfstein also maintained his Outperform rating on the stock, and cited multiple near-term catalysts that he thinks will help push shares higher.