"Meta Stock Reaches Record High as Analysts Tout Countless Advantages and Raised Price Targets"

Meta shares reached an intraday record after analysts raised their price targets, citing the company's increasing dominance in digital advertising. Jefferies and RBC Capital Markets both raised their price targets, with Jefferies stating that Meta has numerous strategic advantages and could capture 50% of incremental industry ad dollars this year. RBC highlighted Meta's market share gains compared to Google and suggested that Meta is benefiting from spending exiting TikTok. Despite a slight pullback, Meta's stock has surged about 45% this year after nearly tripling in 2023.