Raymond James Raises Meta Price Target to $550, Stock Approaches $500 Mark

Raymond James has reiterated its strong buy rating for Meta Platforms Inc. (META) and raised its price target to $550 per share from $525. The revised target is based on a 22x 2025E P/E ratio, representing a significant discount compared to GenAI winners like NVIDIA and Microsoft. Following the announcement, Meta's stock reached a new high post-earnings and closed the earnings gap down. The stock is currently approaching the $500 mark, continuing its upward momentum from last week's breakout.