Loop Capital analyst Rob Sanderson maintains $Meta Platforms (META.US)$ with a buy rating, and adjusts the target price from $575 to $655.
According to TipRanks data, the analyst has a success rate of 61.3% and a total average return of 13.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Meta Platforms (META.US)$'s main analysts recently are as follows:
Meta Platforms demonstrated a strong quarterly performance that exceeded expectations, with signs that its leadership in artificial intelligence, bolstered by a significant infrastructure advantage and unparalleled data scale, is increasingly evident. The company's consistent improvements in short-term outcomes, propelled by AI, along with the potential from a variety of generational AI initiatives, may support a continued increase in the stock's valuation, potentially surpassing the earnings multiples typically observed in other large technology firms.
The firm expresses a stronger belief in its above-consensus 2025 revenue growth estimate after Meta Platforms' solid third-quarter results and robust guidance. The management's attitude indicates a team that is both willing and prepared to take proactive measures.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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