Analyst Brian White of Monness maintained a Buy rating on Meta Platforms, boosting the price target to $860.00.
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Brian White has given his Buy rating due to a combination of factors including Meta’s impressive financial performance and strategic positioning in the market. Meta reported a significant revenue increase in the second quarter, surpassing both the analyst’s and the market’s expectations. The company’s revenue growth accelerated to 22%, driven by strong advertising revenue and an increase in ad impressions and average price per ad.
Furthermore, Meta’s ambitious AI initiatives, including the establishment of Meta Superintelligence Labs and strategic investments in AI talent, position the company for long-term growth. Despite anticipated increased expenses in 2026, Meta’s outlook remains strong with a positive revenue forecast for the third quarter. The company’s ability to innovate and expand its platform amidst regulatory challenges and a challenging macroeconomic environment further supports the Buy rating.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $875.00 price target.