Meta Flexes Ad Strength, Analyst Cites Travel Trends And Weak US Dollar

Core Viewpoint - Keybanc analyst Justin Patterson has reiterated an Overweight rating for Meta Platforms and raised the price forecast from $655 to $800, citing strong ad trends, stable macro conditions, and AI momentum [1] Group 1: Financial Projections - Patterson increased revenue and earnings estimates for Meta for 2025 and 2026, anticipating better-than-expected performance driven by resilient ad spending, improving travel trends, and a weakening U.S. dollar [1] - The updated target is based on projected Q2 revenue of $45.3 billion and Q3 guidance of $46.5 billion [2] - Forecasts for 2027 revenue are set at $244 billion with an EPS of $32.01 [2] Group 2: Market Trends - Strength in tariff-sensitive sectors such as autos and retail has been highlighted, with large tech firms benefiting from a "reverse acqui-hire" trend that boosts talent acquisition [2] - Despite higher capital expenditures and operating expenses from AI investments, the outlook remains bullish [2] Group 3: Stock Performance - META stock is currently trading lower by 0.22% at $701.46 [3]