Shares of Meta Platforms (META) touched a record high on Tuesday. Jefferies analyst Brent Thill raised his price target on the stock to $585 from $550. Thill writes that he thinks "Meta’s market share gains will further accelerate in 2024" and that "in 2024 Meta’s ad business could outgrow Amazon’s for the first time since 2015."
In the video above, Yahoo Finance’s Josh Lipton and Julie Hyman discuss the call.
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