Roth MKM analyst Rohit Kulkarni maintains $Meta Platforms (META.US)$ with a buy rating, and adjusts the target price from $550 to $620.
According to TipRanks data, the analyst has a success rate of 60.3% and a total average return of 19.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Meta Platforms (META.US)$'s main analysts recently are as follows:
The firm is modifying its projections to take into account significant short-term contributions from political advertising spend, along with the uncertain environment surrounding TikTok, as per an analyst's research. However, there's a cautionary note that channels specialized in advertising suggest that the one-time revenue boosts for Meta are diminishing, and that consumer packaged goods and leisure sectors are showing signs of weakening. It's also highlighted that the firm's own capital expenditure predictions for the company in FY25 are higher compared to the general consensus.
Insights suggest that the advertising market remained robust in the third quarter. Alongside this, favorable shifts in various crucial currencies may lead to revenues and profitability at Meta Platforms surpassing the Street's predictions. Additionally, it is anticipated that product cycles at the company will continue to drive strong growth into 2025.
Note:
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