DA Davidson Reiterates Buy on Meta, Maintains $825 Price Target

Core Viewpoint - Meta Platforms, Inc. is being closely monitored by analysts as a significant player in the AI stock market, with a Buy rating and a price target of $825.00 from DA Davidson, indicating confidence in its growth potential despite macroeconomic challenges [1][3]. Group 1: Company Performance - DA Davidson believes that Meta will continue to outpace Google's advertising revenue growth, although there may be a deceleration due to tougher year-over-year comparisons, particularly related to election spending [1][3]. - The firm does not foresee a significant deceleration in growth for Google but is keeping an eye on OpenAI, as the potential introduction of advertising around ChatGPT could pose challenges for Google Search advertising growth [2][3]. Group 2: Investment Strategy - While acknowledging Meta's potential as an investment, the firm suggests that certain AI stocks may offer greater upside potential with less downside risk, indicating a competitive landscape in the AI sector [4].