Meta Platforms delivers upbeat guidance as Q2 results beat estimates; shares jump
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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 EDTBofA 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 EDTOppenheimer 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 EDTDeutsche 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 $630 at Wolfe Research
August 1, 2024 6:06 AM EDTWolfe Research analyst Shweta Khajuria raised the price target on Meta Platforms Inc. (NASDAQ: META) to $630.00 (from $620.00) while maintaining a Outperform rating.
The analyst comments "We are incrementally positive post this print. Expectations into the print were lowered post Googles... More
Meta Platforms Inc. (META) PT Raised to $555 at Goldman Sachs
August 1, 2024 5:18 AM EDTGoldman 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 EDTStifel 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 EDTJPMorgan 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 EDTRoth/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 EDTEvercore 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
