Meta Platforms (META) call put ratio 1.3 calls to 1 put into quarter results and outlook

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BofA Securities Reiterates Buy Rating on Meta Platforms Inc. (META), 'Top AI play in consumer Internet'

August 1, 2024 9:34 AM EDT

BofA Securities analyst Justin Post reiterated a Buy rating and $563.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst comments "We see Meta as the top AI play in consumer Internet given: 1) Leading infrastructure and LLM capabilities w/ Llama 3.1, 2)... More

Meta Platforms Inc. (META) PT Raised to $615 at Oppenheimer

August 1, 2024 6:50 AM EDT

Oppenheimer analyst Jason Helfstein raised the price target on Meta Platforms Inc. (NASDAQ: META) to $615.00 (from $525.00) while maintaining a Outperform rating.

The analyst comments "Increasing target to $615 (was $525) or 24x '25E EPS a 13%/4% discount to peers/ NASDAQ. Stronger 2Q revenue and 3Q... More

Meta Platforms Inc. (META) PT Raised to $585 at Deutsche Bank

August 1, 2024 6:45 AM EDT

Deutsche Bank analyst Leo Horowitz raised the price target on Meta Platforms Inc. (NASDAQ: META) to $585.00 (from $525.00) while maintaining a Buy rating.

The analyst comments "Of course, AI will be leveraged to accelerate progress across many of these objectives, and therefore CapEx... More

Meta Platforms Inc. (META) PT Raised to $555 at Goldman Sachs

August 1, 2024 5:18 AM EDT

Goldman Sachs analyst Eric Sheridan raised the price target on Meta Platforms Inc. (NASDAQ: META) to $555.00 (from $522.00) while maintaining a Buy rating.

The analyst comments "While debates will likely persist around product transitions and industry platform headwinds in the quarters & years... More

Meta Platforms Inc. (META) PT Raised to $590 at Stifel

August 1, 2024 5:13 AM EDT

Stifel analyst Mark Kelley raised the price target on Meta Platforms Inc. (NASDAQ: META) to $590.00 (from $550.00) while maintaining a Buy rating.

The analyst comments "META delivered a solid beat across the board in 2Q (all geos better), with a better 3Q revenue outlook (mdpt.... More

Meta Platforms Inc. (META) PT Raised to $610 at JPMorgan

August 1, 2024 5:11 AM EDT

JPMorgan analyst Doug Anmuth raised the price target on Meta Platforms Inc. (NASDAQ: META) to $610.00 (from $480.00) while maintaining a Overweight rating.

The analyst comments "META shares traded up +7% post-close & we reiterate our Overweight rating, w/the company executing well near-term & we believe investing appropriately in critical L-T initiatives, notably AI. Healthy ad market trends supported strong 2Q results & have carried into 3Q, with/METAs 3Q revenue guide of +13%-20% (+15%-22%... More

Meta Platforms Inc. (META) PT Raised to $550 at Roth/MKM

August 1, 2024 5:08 AM EDT

Roth/MKM analyst Rohit Kulkami raised the price target on Meta Platforms Inc. (NASDAQ: META) to $550.00 (from $510.00) while maintaining a Buy rating.

The analyst comments "META reported an emphatic beat-and-raise earnings report and surprisingly left Op. Expenses outlook unchanged, and unsurprisingly raised 2024 CapEx... More

Meta Platforms Inc. (META) PT Raised to $600 at Evercore ISI

August 1, 2024 5:02 AM EDT

Evercore ISI analyst Mark Mahaney raised the price target on Meta Platforms Inc. (NASDAQ: META) to $600.00 (from $550.00) while maintaining a Outperform rating.

The analyst comments "We reiterate our Outperform rating on META, raising our estimates and our PT from $550 to $600... More