Goldman Remains Bullish on Meta (META), $830 Target Reflects AI Opportunities

Meta Platforms Inc. (NASDAQ:META) is one of the best ESG stocks to buy now according to hedge funds. On September 9, Goldman Sachs analyst Eric Sheridan reiterated a Buy rating on Meta Platforms (NASDAQ:META) with an unchanged price target of $830, citing improving advertising momentum and longer-term AI opportunities.

Sheridan emphasized that Meta is using artificial intelligence and machine learning to optimize ad supply and demand. Not only that, it is boosting engagement through enhanced ranking and recommendation engines across Facebook and Instagram. He also noted the company’s parallel push into broader AI initiatives, including Meta AI and Reality Labs, which could create additional growth avenues beyond advertising.

The analyst also highlighted that Meta’s ability to balance heavy investment in innovation with consistent operating performance also underpins his confidence in the company’s outlook.

Meta Platforms Inc. (NASDAQ:META) operates major social media services, including Facebook, Instagram, WhatsApp, Messenger, and Threads, along with virtual reality products like Oculus headsets.

While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.