After Mark Zuckerberg showcased Meta‘s AI future at Meta Connect, Jefferies analyst Brent Thill says the keynote leaves the firm “more bullish” on Meta’s consumer and enterprise AI opportunities. On the consumer, Jefferies is bullish on Meta.AI’s impressive traction, with about 500M monthly actives, and sees potential for new image, translation and voice capabilities to boost core engagement. On the enterprise side, Llama is “becoming a serious contender” and the firm sees momentum building with its new multimodal capabilities, calling Meta “one of our top AI picks.” The firm keeps a Buy rating and $600 price target on Meta shares.
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