META's New SAM 3 AI Model Drives Analyst Optimism and a $900 Price Target

Meta Platforms, Inc. (NASDAQ:META) is one of the Buzzing AI Stocks on Wall Street. On November 24, Citizens reiterated its Market Outperform rating on the stock with a price target of $900.00. The rating affirmation follows Meta’s recent developments in artificial intelligence.

Citizens highlighted Meta’s introduction of the Segment Anything Model 3 (SAM 3) on November 19^th. The SAM 3 is a promptable computer vision system that allows detecting, segmenting, and tracking a visual concept indicated by text prompts, image exemplars, or both.

The model update enhances the company’s ability to comprehend objects within images and video by tracking visual concepts. Firm analysts believe that the SAM 3 will allow Meta to scale its data engine more efficiently. Annotation speeds are now 5 times faster than human annotators for negative prompts and 36% faster for positive prompts.

Through the technological advancement, Meta has been able to create a dataset containing 4 million unique concepts. Overall, the firm believes that AI-driven improvements will act as a tailwind for user engagement and ad performance on Meta’s platforms.

Meta Platforms has been expanding its advertising capabilities and also invests heavily in artificial intelligence and the metaverse.

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