Reels' Ad Surge Positions Meta As A Top Internet Pick: Citi Analyst

Reels’ Ad Surge Positions Meta As A Top Internet Pick: Citi Analyst

Citi analyst Ronald Josey reiterated a buy rating on Meta Platforms Inc (NASDAQ:META) with a $385 price target.

With Reels ad loads reaching 19% QTD vs. 17% in 2Q per proprietary tracking, coupled with newer ad units, greater advertiser demand, and an improving online advertising environment, Meta is taking share of the broader online advertising market.

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Reels’ Ad Surge Positions Meta As A Top Internet Pick: Citi Analyst

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