As previously reported, Benchmark upgraded Meta Platforms (META) to Buy from Hold with an $820 price target citing a “strong” 2025 core business outlook and the firm’s belief that Q1 revenue and operating expense guidance “sets a conservative ’25E bar.” The firm is also “intrigued” with the beginning development of AI engineering agents that can code and problem-solve like “a good mid-level engineer” and awaits more discussion of the potential efficiencies these agents can bring to the R&D line, the analyst tells investors.
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