Analysts revamp Meta price target after earnings
Meta's strong Q2 earnings and aggressive AI investments continue to bear fruit.
Meta Platforms (META) delivered a solid performance with its second-quarter earnings, prompting an analyst to raise both its revenue and earnings estimates for the parent company of Facebook, Instagram, and WhatsApp.
The company's strong financial results and outlook for the third quarter reflect the significant potential of its investments in artificial intelligence (AI) and its growing strength in the digital advertising sector.
As a result, Bank of America (BofA) Global Research analysts Justin Post and Nitin Bansal just significantly raised their firm's stock price target on Meta.
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