Associated Press
- Meta stock is a buy as the company is rolling out a subscription model, Bank of America said.
- Analysts wrote in a Tuesday note that the subscription service is "a potential high margin business."
- "We are intrigued by this offering, which follows Twitter Blue and likely reflects demand for more services by Facebook's creators," the note said.
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.
In a Tuesday note, analysts at BofA gave Meta stock a buy rating and a price target of $220, representing 26% upside from current levels.