BofA analyst Justin Post raised the firm’s price target on Meta Platforms (META) to $775 from $765 and keeps a Buy rating on the shares. The company posted in Threads that is building several multi-gigawatt data centers expected to come online in 2026, the analyst tells investors in a research note. BofA views the comments as a sign of confidence in Meta’s revenue trajectory. In addition, the firm’s advertising channel checks show improving ad spend since April. It increased revenue estimates to reflect an improved macro environment and the company’s ad stack improvements. The analyst cites higher growth from Meta’s artificial intelligence driven ad improvements for the target bump.
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 Removes 10 Million Fake Profiles as It Cracks Down on Spam
- Meta’s Zuckerberg Plans to Spend ‘Hundreds of Billions of Dollars’ to Build Superclusters
- Investors Are Pressuring Apple (AAPL) to Make a Major AI Acquisition
- AI Daily: OpenAI said to end acquisition talks with Windsurf
- Meta’s superintelligence lab discussing AI strategy overhaul, NY Times says