META Gets Huge Upgrades: How High Analysts Think Shares Could Go

Core Insights - Meta Platforms has received a wave of analyst upgrades following its strong Q2 earnings report, with around two dozen analysts raising their price targets on the stock [1][3] - The average price target among analysts has increased by nearly 15%, indicating a more bullish outlook than the stock's 11% rise post-earnings [3][4] - The current consensus price target is approximately $820, suggesting a less than 6% upside from the recent closing price, but updated targets imply a potential rise of nearly 12% [4] Financial Performance - In Q2, Meta exceeded market expectations on sales and adjusted earnings per share (EPS), leading to significant upgrades from analysts [3] - The company raised its capital expenditure (CapEx) guidance to $69 billion, a modest increase of 1.5% from the previous forecast of $68 billion [5][6] - Compared to other major tech firms, Meta's CapEx increase is the lowest, indicating a focus on maintaining strong internal returns on investment (ROI) [6][7] Market Position - Among the largest hyperscaler stocks, Meta, Microsoft, Alphabet, and Amazon have all reported earnings, with analysts projecting varying levels of upside potential [8] - The 12-month stock price forecast for Meta is $820.32, reflecting a moderate buy rating based on 46 analyst ratings [8] - As of the latest data, Meta has delivered a total return of 33%, the best among its peers in the hyperscaler category [9]