Reported 2 days ago
Meta Platforms, Inc. is experiencing increasing positive trends in advertising, prompting analysts to raise their price target from $640 to $800 ahead of the upcoming earnings report. Benchmark analyst Mark Zgutowicz noted the company's stable ecommerce performance and improved ad pricing in the US and Canada, expecting revenue growth due to recent AI-related enhancements. Facebook's commitment to significant AI investment is expected to be a focus in its quarterly earnings call, with a maintenance of capex guidance and a slight increase in opex guidance, although some analysts see more potential in other AI stocks.
Source: YAHOO