Meta Platforms shares are gaining momentum as the company integrates AI across its ecosystem, with analysts eyeing the Sept. 23 Connect event as a key catalyst for further upside.
Meta has an upcoming Connect event on Sept. 23 expected to showcase AI products, with Citi reiterating Buy and an $800 price target, though Q2 showed an EPS miss and heavy AI capex.
S&P 500 is referenced as a benchmark, having gained 10.3% year-to-date versus Meta's 2% gain.
Meta Platforms is pivoting toward AI-driven growth with the launch of its Muse personal assistant. While heavy capital expenditures and Q2 earnings misses previously weighed on the stock, analysts maintain a bullish outlook ahead of the upcoming Connect event.
Analysts expect the event to provide critical updates on Meta's AI product strategy, including new foundation models and potential advancements in its smart glasses hardware.