Citi reiterates a Buy rating on Meta Platforms (META) with an $803 price target saying the online advertising environment is strengthening. As such, Meta is well positioned to repot better than expected results for Q2, the analyst tells investors in a research note. It sees multiple growth catalysts for the company.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Meta’s superintelligence lab discusses abandoning AI model, NYT says
- PINS vs. SNAP: TD Cowen Picks the Better Social Media Stock Ahead of Q2 Earnings
- Meta Platforms’ AI Investments and Data Center Expansion Justify Buy Rating Amid Revenue Growth Potential
- Meta Platforms price target raised to $775 from $765 at BofA
- Meta Removes 10 Million Fake Profiles as It Cracks Down on Spam