Bank of America analyst reiterates Buy rating on Meta, citing AI investments as a long-term growth driver that is already boosting user engagement and ad revenue.

What happened: On June 11, Bank of America analyst Justin Post reiterated a Buy rating on Meta Platforms with a price target of $835, emphasizing that the company's expanding AI strategy is a key catalyst for long-term growth.

Why it matters: Meta's heavy AI spending is strengthening its AI model development while improving ad targeting and content recommendations—changes that are already resulting in higher user engagement and increased advertisement revenue. The analyst also expects new revenue streams from subscriptions, enterprise solutions, and AI business agents. Post notes that Meta's stock trades at a discount to its prior peaks and to large-cap peers, potentially offering a buying opportunity despite execution risks and competitive pressures.

What to watch: The analyst's price target is $835, and Post expects the company to develop additional monetization opportunities from new revenue streams ahead, though the body does not specify a timeline for these developments.