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Meta Stock Analysis: Why Citi Sees Catalyst Despite OpenAI Competition

Meta Platforms shares have been range-bound since July earnings, but Citi analysts see catalysts emerging. Despite OpenAI’s Sora video app competition, Meta’s core ad business shows strength with budget share gains and ad load growth potential.

Meta Platforms stock has been trading in a tight range since its post-earnings surge in late July, but one Wall Street firm sees catalysts emerging that could break the stalemate. Citi analysts have placed a 90-day catalyst watch on the social media giant, maintaining their $915 price target despite competitive pressures from OpenAI‘s recently launched Sora video generation app.

Meta’s Range-Bound Trading Pattern