Meta Platforms price target raised to $795 from $735 at JPMorgan

JPMorgan raised the firm’s price target on Meta Platforms (META) to $795 from $735 and keeps an Overweight rating on the shares. The firm updated estimates and price targets in the internet space as part of a Q2 earnings preview. Estimate increases reflect better channel checks and favorable currency moves while higher share multiples reflect lower recession risk, the analyst tells investors in a research note.