5 big analyst AI moves: Meta gets Street-high PT; Salesforce double upgraded
This week saw notable analyst moves in the AI sector. Truist Securities raised Meta Platforms' price target to $1,000, matching Wells Fargo as the highest on Wall Street. Analyst Youssef Squali cited early traction for Meta's Muse AI agent and a potential $28.5 billion incremental revenue by 2030. Meta's shares rose 21% since Muse's launch on September 8.
Bank of America double-upgraded Salesforce to Buy, citing widespread enterprise AI adoption and encouraging signs in new deal sizes and performance for Slack. The bank also forecasted subscription and support revenue growth for fiscal 2028 and 2029. Barclays, however, downgraded enterprise-exposed stocks Dell, HP, and NetApp, citing insufficient AI inflection and high valuations.
Barclays strategist Emmanuel Cau warned of potential downside risks due to hot inflation data, Middle East tensions, and semiconductor stock weakness. Despite these challenges, he attributed bond yield easing to a silver lining, indicating bonds can still serve as safe havens.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
