Meta Platforms price target raised to $825 from $650 at DA Davidson

DA Davidson raised the firm’s price target on Meta Platforms (META) to $825 from $650 and keeps a Buy rating on the shares. The company reported strong Q2 earnings that beat expectations on both the top and bottom line, the analyst tells investors in a research note. Growth in Meta’s Family of Apps accelerated, signaling that the heightened capital expenditures and hiring frenzy could continue to pay off as they further integrate AI into their products, the firm added.