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Top 5 Buy Calls:
1. Meta Platforms upgraded to Buy at Arete
Arete upgraded Meta Platforms (META) to Buy from Neutral with a price target of $735, up from $614. The firm cites Meta’s “flexible” cost base, subscription growth, and internal AI progress for the upgrade. Meta’s high-margin subscription business should help the company’s margins recover amid if “aggressive” AI data center spend, the analyst tells investors in a research note. Arete believes the company could become a “neocloud with excess compute.”
