Truist raised the firm’s price target on Meta Platforms (META) to $880 from $720 and keeps a Buy rating on the shares after its stronger than expected Q2 results and Q3 guide. The quarter reflected the company’s robust ad share gains fueled by AI improvements across ad recommendations, monetization and user engagement, the analyst tells investors in a research note. Ad demand remains strong across geos and across verticals including eCommerce, Professional Services and Tech, the firm added.
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