Stifel analyst Mark Kelley maintains $Meta Platforms (META.US)$ with a buy rating, and adjusts the target price from $590 to $663.
According to TipRanks data, the analyst has a success rate of 72.6% and a total average return of 32.4% 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 projection for Meta Platforms' forward revenue growth in the latter half of 2024 and 2025 has been elevated, based on more optimistic third-quarter growth indications and a reinforced belief in the enduring nature of several principal growth factors. The expectation is that Meta Platforms could achieve, or even surpass, its third-quarter revenue forecast, with the potential for maintaining mid-teens revenue growth up to the year 2025.
The firm's examination of the digital advertising sector indicates that growth accelerated in Q3, surpassing initial forecasts. This momentum is anticipated to continue into Q4, bolstered by an increase in advertising around the U.S. elections and a strong holiday season.
Note:
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