Meta Platforms (META) stock is up over 11% in pre-market trading after the social media giant posted strong second-quarter results that topped expectations. The company reported earnings per share of $7.14, well above Wall Street’s estimate of $5.92. Revenue also impressed, coming in at $47.52 billion versus the $44.80 billion forecast. Looking ahead, Meta guided for third-quarter revenue between $47.5 billion and $50.5 billion, again above the Street’s $46.14 billion estimate.
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The strong results and upbeat outlook prompted several top analysts to raise their price targets and maintain their bullish stance on the stock.
Analysts Raise Meta Price Targets on AI and Ad Growth
Following the Q2 results, several Top analysts have raised their price targets on the stock.
To begin with, D.A. Davidson Top analyst Gil Luria raised his price target on Meta Platforms from $650 to $825, while keeping a Buy rating. He said Meta’s strong Q2 results, with better-than-expected revenue and profit, show that its ad business is growing well. The analyst believes Meta’s spending on AI tools and new hires is starting to pay off.
Also, Morgan Stanley analyst Brian Nowak raised his price target on Meta from $750 to $850 and kept an Overweight rating. The five-star analyst said Meta’s strong Q2 results and Q3 forecast show that better AI tools are helping more people use the platform and bringing in more ad money than expected. As a result, he raised his 2025 and 2026 revenue and profit forecasts.
Nowak noted that while Meta is increasing its spending on current operations and future projects, its core business remains strong enough to fund these efforts and still grow profits. Looking ahead, he sees more long-term growth potential from AI tools, content features, search, and hardware products.
Is META Stock a Buy?
The stock of Meta Platforms has a consensus Strong Buy rating among 45 Wall Street analysts. That rating is based on 41 Buy and four Hold recommendations issued in the past three months. The average META price target of $772.50 implies 11.12% upside from current levels.
