Buy Meta stock as Mark Zuckerberg takes a page from Elon Musk's playbook, Bank of America says
Bank of America suggests taking advantage of Facebook-parent Meta's move to offer a subscription model, similar to Elon Musk's move with Twitter Blue. a buy rating and a price target of $220, representing 26% upside from current levels.
"We are intrigued by this offering, which follows Twitter Blue and likely reflects demand for more services by Facebook's creators," the note said.
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Meta is launching a paid verification service, Mark Zuckerberg announces'This new feature is about increasing authenticity and security across our services,' Zuckerberg wrote in an Instagram broadcast channel.
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