On Sep 26, major Wall Street analysts update their ratings for $Meta Platforms (META.US)$, with price targets ranging from $575 to $811.
Morgan Stanley analyst Brian Nowak maintains with a buy rating, and maintains the target price at $575.
J.P. Morgan analyst Doug Anmuth maintains with a buy rating, and adjusts the target price from $610 to $640.
BofA Securities analyst Justin Post maintains with a buy rating, and adjusts the target price from $563 to $630.
Citi analyst Ronald Josey maintains with a buy rating, and maintains the target price at $645.
Jefferies analyst Brent Thill maintains with a buy rating, and maintains the target price at $600.
Furthermore, according to the comprehensive report, the opinions of $Meta Platforms (META.US)$'s main analysts recently are as follows:
The recent Meta Platforms keynote, which showcased advances in Metaverse hardware and the expansion of AI functionalities within Meta's applications, has garnered positive reactions. Analysts believe that AI Glasses could tap into a larger market as compared to VR Goggles, suggesting that these innovations could instill a sense of optimism among long-term investors about Meta's leading role in the forthcoming era of personal computing. Enhanced AI features are anticipated to drive increased application usage.
The company's Meta Connect conference showcased ongoing advancements in its artificial intelligence initiatives, which have begun to yield results through improvements in core products related to content and advertisements, along with new offerings such as Meta AI, and developments in the Metaverse. The belief stands that the company is justified in its substantial investments in AI, supported by solid core operating outcomes, noticeable benefits of AI in user engagement and revenue generation, and a more defined AI product trajectory.
The expectations for Meta Platforms' advertising performance in Q3 are fairly positive, with September showing an improvement over August. The near-term estimates remain stable, and the growth forecast for 2025 has been increased due to consistent macroeconomic trends and anticipated gains from messaging, devices, and enhancements driven by artificial intelligence.
Here are the latest investment ratings and price targets for $Meta Platforms (META.US)$ from 12 analysts:
Note:
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