Monness analyst Brian White has maintained a bullish stance on Meta Platforms, citing strong Q3 2024 financial performance, with 19% revenue growth and solid ad revenue.
Meta's innovations in AI and the metaverse, especially with Llama 4 and Meta AI, are attracting a large user base, driving future growth opportunities.
Despite regulatory scrutiny, Meta's outlook for Q4 2024 is optimistic, with expectations of increased revenue and earnings per share, justifying a $660 price target.
RBC Capital also reiterated a Buy rating for Meta, reflecting confidence in the stock's growth potential, with a target price of $630.
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