Rosenblatt Reiterates 'Buy' Rating on Meta, Citing Subscription Plan Potential

Rosenblatt reiterated its "Buy" rating for Meta Platforms (META).

The firm maintained its $1,015 price target.

The valuation follows Meta's planned "Meta One" subscription service.

The service will span Instagram, Facebook, and WhatsApp.

Rosenblatt forecasts a multi-billion dollar revenue opportunity from the initiative.

This projection reflects successful subscription models at Snap and OpenAI.

The $1,015 target stands as one of the highest on Wall Street for Meta.