Meta rallies as strong ad revenue cushions AI spending
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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
