UBS Just Raised Its Price Target on Meta Platforms (META) Stock

UBS analysts raised their price targets on Meta Platforms (NASDAQ:META) stock to $635 per share, reaffirming their “buy” rating on the back of stellar second-quarter earnings.Meta earned$13.46 billion, $5.16 per share, on revenue of$39 billion during the quarter ending in June. The company reported after the market closed yesterday. Earnings were up 73%, and revenue was up 22% from a year ago. All the numbers beat analyst estimates.META stock was trading early today at $502 per share, up about$30 or 6% o ...