Meta Platforms Inc. (META) PT Raised to $530 at BMO Capital

BMO Capital analyst Brian J. Pitz raised the price target on Meta Platforms Inc. (NASDAQ: META) to $530.00 (from $525.00) while maintaining a Market Perform rating.

The analyst commented, "Maintain Market Perform rating on META shares given: 1) The potential for 2025E CAPEX to exceed $60B+, 2) slowing user growth with Daily Active People (DAP) up 5% vs. 7% in 2Q24, 3) Content Creator Thesis remaining intact with original posts comprising 60% of recommendations (vs. 50% in 2Q24), likely increasing payouts, setting up for a potential $3-$5B FCF headwind. That said, we modestly increased our Target Price to $530 from $525, based on a 2% revenue beat in3Q24."

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