TD Cowen analyst John Blackledge raised the firm’s price target on Meta Platforms (META) to $800 from $700 and keeps a Buy rating on the shares. The firm expects Meta to beat Q2 consensus estimates and forecasts quarterly revenue growth of 16% year-over-year, 2% above expectations. It sees continued video monetization and engagement gains driving the upside. TD’s Q2 digital advertising expert check showed accelerating spend growth across Meta properties.
Don’t Miss TipRanks’ Half-Year Sale
- 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 Strategic AI Investments and Revenue Growth Drive Buy Rating
- Meta Stock Rises after Buying $3.5B Stake in EssilorLuxottica
- Meta buys $3.5B stake in smart glasses partner EssilorLuxottica, Bloomberg says
- AI Daily: Meta poaches Apple’s top AI models executive
- NVDA, AAPL, META: U.S. Dollar Sees Biggest Decline in 52 Years, Pressuring Stocks