BofA raised the firm’s price target on Meta Platforms (META) to $660 from $630 and keeps a Buy rating on the shares. Following a Q3 revenue and EPS beat and Q4 outlook that brackets the Street view, the firm is raising its 2025 revenue estimate by 3% and EPS by 6% to reflect higher ad monetization, somewhat offset by higher R&D for capex.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on META:
- Meta Platforms price target raised to $630 from $605 at Baird
- Meta Platforms price target raised to $650 from $575 at Piper Sandler
- Morgan Stanley says ‘don’t be spooked’ by Meta Platforms investment plans
- Meta Platforms price target raised to $660 from $635 at JMP Securities
- Meta Platforms price target raised to $630 from $550 at Barclays
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
