Ad loads for Reels and Instagram are expected to bump up Meta's ad sales by 14% in 2024, according to Citi Research.
Reels continues to reel in digital advertising, prompting one Wall Street analyst to jack up his price target for Facebook parent Meta Platforms Inc. to an eye-popping $360 a share on Tuesday.
Leading... Reels continues to reel in digital advertising, prompting one Wall Street analyst to jack up his price target for Facebook parent Meta Platforms Inc. to an eye-popping $360 a share on Tuesday.
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Citi raises Meta price target to highest on Wall Street, cites strong Reels adsThe bank raised its price target on Meta to $360 per share, the highest on Wall Street, from $315.
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