Meta Platforms price target raised to $740 from $620 at Roth Capital

Roth Capital analyst Rohit Kulkarni raised the firm’s price target on Meta Platforms (META) to $740 from $620 and keeps a Buy rating on the shares ahead of its Q2 earnings later this month. The firm has a positive bias toward the broader ad ecosystem heading into earnings and believes that the easing uncertainty in macro and tariff environments is reflected in the stock’s current valuation, the analyst tells investors in a research note. The stock trades at a “premium” valuation and has had “fuzzy” year-to-date AI execution, though its product roadmap and WhatsApp monetization traction in Q3 guide can be potential incremental positives, Roth added.