Meta Platforms stock is climbing back toward highs with analysts raising their price targets. TD Cowen's John Blackledge raised his target to 800, predicting 16% year-over-year revenue growth. Wells Fargo raised its price target to 783 and Roth to 740 due to improving outlooks. Meta's upcoming Q2 results are expected to showcase earnings of $5.83 per share and sales growth of 14%. Additionally, Meta is investing $3.5 billion for a 3% stake in eyewear manufacturer EssilorLuxottica to develop AI-powered smart-glasses.
We forecast Q2 revenue growth of 16% (year over year), roughly 2% above consensus, driven by continued video monetization and engagement gains. We see Meta's recent AI investment and hires as a response to mixed Llama 4 reception, as Meta increases AI capabilities to drive core advertising business and Business AI tools.
Wells Fargo analysts upped their Meta price target to 783 from 664 while Roth analysts moved their price target to 740 from 620. Both firms cited improving outlooks from the easing of tariffs as part of their rationale.
Meta will report its second quarter results on July 30. Analysts polled by FactSet are projecting Meta will post adjusted earnings of $5.83 per share, up 13% year over year. Sales are seen rising 14% to $44.6 billion.
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