Stifel raised the firm’s price target on Meta Platforms (META) to $900 from $845 and keeps a Buy rating on the shares following Q2 revenue coming in ahead of the top-end of the guidance range and Q3 revenue guidance that was ahead of consensus. Investors are “more comfortable” with the company’s investment levels as initial AI investments are “clearly paying off,” the analyst contends.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Meta Platforms price target raised to $820 from $740 at Baird
- Meta Platforms price target raised to $825 from $650 at DA Davidson
- Meta Platforms price target raised to $880 from $808 at Piper Sandler
- Meta’s Strong Financial Performance and Strategic AI Initiatives Justify Buy Rating
- Meta Platforms price target raised to $835 from $740 at Roth Capital