Just in: HSBC upgrades Meta Platforms $META to Buy from Hold with a $900 price target.
Just in: Guggenheim raises $META price target to $875 from $800, maintaining a Buy rating. Q2 results show strong revenue and profit growth, with Q3 guidance also exceeding expectations. Revenue, capex, and opex estimates lifted.
Just in: HSBC upgrades $META to Buy from Hold, raising the price target to $900 from $610. Meta's AI-driven growth and strong Q2 results boost shares by 11% in premarket trading.
Meta Platforms drew a flurry of optimistic revisions from Wall Street after reporting stronger-than-expected second-quarter earnings. Citigroup lifted its price target to $915 from $803, Bank of America to $900 from $775, and UBS to $897 from $812 while reaffirming bullish ratings. JPMorgan moved to $875, Wedbush to $920 and Rosenblatt set the Street-high goal of $1,086, underscoring broad confidence in the company’s outlook. HSBC upgraded the social-media giant to Buy from Hold and raised its target to $900, joining more than a dozen brokers that cited an 11% jump in pre-market trading, accelerating ad-revenue growth of roughly 20% and upbeat third-quarter guidance. Analysts said the performance—and Meta’s expanding investment in artificial intelligence—supports higher revenue and earnings forecasts for 2025 and 2026.