Mag-7 Daily Morning Call - Analysts Raised Meta's Target Price on New AI Model
$Meta Platforms (META.US)$ closed 1.8% higher to USD673.42 retesting the 50-day MA amid reports on different AI-related moved on Meta. Analysts raised Meta's target price to USD900 as the new AI model released by the company, Segment Anything Model 3 (SAM3), is observed to be a great advancement from the previous version on tracking and segmenting objects in images and videos with simple text prompts. The company also announced the acquisition of Limitless, a technological wearable startup, to further boost the development of AI wearable business of the company. The share price has already recovered for more than 10% from the dip.
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