Meta Flexes Ad Strength, Analyst Cites Travel Trends And Weak US Dollar
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Keybanc analyst Justin Patterson has upgraded Meta Platforms (META) to an Overweight rating and raised the price target from $655 to $800, citing strong ad trends and favorable macro conditions. He anticipates better-than-expected performance due to resilient ad spending, improving travel trends, and a weakening U.S. dollar. Patterson projects Q2 revenue of $45.3 billion and Q3 guidance of $46.5 billion, with 2027 revenue forecasted at $244 billion and EPS at $32.01. META stock is currently down 0.22% to $701.46.
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