Piper Sandler Reiterates Overweight on META, Names It Top Large-Cap Pick

Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks in the Spotlight for Investors. On December 11, Piper Sandler analyst Thomas Champion reiterated an Overweight rating on the stock with an $840.00 price target. The firm has tagged Meta as its Top Large Cap Pick, driven by ad market tailwinds and undervalued fundamentals. Meta shares have delivered mid-single-digit gains over the past year, even though multiples have compressed by an estimated 10%, the firm noted. Their Ad buyer survey have furth ...