1 Wall Street Analyst Thinks Meta Platforms Is Going to $820. Is It a Buy?
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Meta Platforms reported strong earnings, with revenue up 21% to $48.4 billion and operating income up 43% to $23.4 billion. Earnings per share rose 50% to $8.02, and daily active users increased by 5% to 3.35 billion. Following the report, Benchmark upgraded Meta's stock to a buy with a price target of $820. Despite a forecasted slowdown in growth for 2025, analysts remain optimistic about Meta's performance, citing its strong business fundamentals and competitive pricing compared to peers.
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