Meta Platforms (META) Touts AI Skills as Key to Wage Growth, Eyes Bigger Role in Workforce Transformation

We recently published a list of 10 AI Stocks on Wall Street’s Radar. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against other AI stocks on Wall Street’s radar.

On June 2^nd, Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating on Meta Platforms, Inc. (NASDAQ:META) with a $750.00 price target.

The analysts pointed out the importance of artificial intelligence (AI) skills in the workforce, citing Meta’s claim that workers having AI-related skills could help boost their wages by as much as 20%. This claim highlights the value of developing AI competencies among employees.

Drawing a comparison with trends noted in platforms such as Upwork, it was revealed that freelancers engaging in AI-related tasks on the platform earn 44% more than those who do not. This data point further signifies the importance of artificial intelligence skills, particularly in the gig economy.

The firm further highlighted how Meta’s focus on AI skills and impact on wage growth highlights how Meta remains committed to advancing AI in its business strategy. It is highly confident in the company’s potential for growth as it ramps up the use of the said technology.

Meta Platforms, Inc. (NASDAQ:META) is a global technology company.

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