Morgan Stanley June 26 Research: How Meta's TikTok Playbook Guides Google's ChatGPT Strategy

Morgan Stanley released a comprehensive research report on June 26, analyzing how Meta's successful strategy against TikTok's disruption provides valuable insights for Google's battle against ChatGPT and AI competition. The report highlights Meta's valuation recovery from 8x to 27x PE, while Google's current valuation remains compressed at 14x due to AI threats. Analyst Brian Nowak's team maintains Overweight ratings with price targets of $185 for GOOGL and $716 for META.