KeyBanc raised the firm’s price target on Meta Platforms (META) to $800 from $655 and keeps an Overweight rating on the shares. The firm expects Q2 revenue comes in at $45.3B, and expects Q3 revenue guidance for $45B-$47.5B. While KeyBanc has raised its 2025 and 2026 revenue and EPS to reflect revenue momentum, the firm is mindful that there are upward biases to capex and opex from AI investments and is thus slightly below consensus. KeyBanc does not necessarily view this as an issue for the stock, provided management articulates where it is seeing AI returns.
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:
- Top Analysts Boost Meta Platforms Stock Price Target Ahead of Q2 Earnings
- META Nears All-Time Record High as AI Replaces Human Labor
- Meta Continues to Poach More Researchers from OpenAI
- ‘NVDA, META, GOOGL, and MSFT Need to Prove That Their Valuations Are Justified,’ Say Analysts
- Mark Zuckerberg and Other Meta Executives Are Being Personally Sued for $8B