Wells Fargo on $META (Overweight; PT $652)
Wells Fargo on $META (Overweight; PT $652): "We anticipate another robust quarter and solid forward guide but don't expect it to materially change our above-consensus '25 EPS estimate of $27+. The stock is increasingly seen as an AI winner but likely range-bound until the '25…
Meta has a key asset in the AI race — and that spurs a new bullish stock call https://t.co/9F4bzqQu7H
Pivotal Research has initiated coverage on Meta Platforms ($META) with a 'Buy' rating and a price target of $780 by the end of 2025. The firm highlights Meta's dominant position in the social media landscape, with 3.3 billion daily active users across its platforms, including Facebook, WhatsApp, Instagram, and Facebook Messenger. Pivotal is particularly bullish on Meta's future, citing the company's strong revenue growth rate of 11.2%, EPS growth rate of 11.5%, and interactive media and services earnings growth of 13%. Additionally, Meta's key asset in the AI race has spurred new bullish stock calls. Wells Fargo has also rated Meta as 'Overweight' with a price target of $652, anticipating another robust quarter and solid forward guidance. Pivotal's report is titled 'In Zuck We Trust: Initiating with BUY and $780 YE’25 Target.'
