Analysts set Meta stock price target

Core Viewpoint - Meta Platforms has received multiple 'Buy' ratings with increased stock price targets, reflecting strong performance and positive outlook ahead of the upcoming earnings call [1][2]. Group 1: Stock Performance - Meta's shares are up 69.11% year-to-date and have increased from $323.57 to $585.63 since the rebranding in late October 2021 [1]. - The stock recorded a monthly gain of 16.03% [1]. Group 2: Price Target Increases - Rosenblatt Securities set the highest price target at $811, driven by expectations of significant value from AI investments [2]. - UBS raised its price target from $635 to $690, citing improved customer sentiment and anticipated increases in ad spending [2]. - Argus analyst Joseph Bonner increased his target from $600 to $660, highlighting cost cuts and strong cash flow [2]. - Cantor Fitzgerald raised its price target from $660 to $670, expecting continued outperformance in Q3 and Q4 [2]. - Wells Fargo increased its price target from $647 to $652 [2]. Group 3: Analyst Ratings Overview - Out of 46 equity analysts, 42 rate Meta as 'Buy', 3 as 'Hold', and 1 as 'Sell', indicating a bullish consensus [3]. - The average price target among analysts is $611.20, suggesting a modest 4.20% upside [3]. Group 4: Dissenting Opinions - Barclays maintained an overweight 'Buy' rating, raising its price target from $520 to $550, but may need an update as shares have surpassed this level [4]. - BMO Capital Markets kept a neutral 'Market Perform' rating while increasing its target from $475 to $525, citing long-term bullishness but short-term headwinds [4].