Analyst John Blackledge of TD Cowen maintained a Buy rating on Meta Platforms (META – Research Report), reducing the price target to $725.00.
John Blackledge has given his Buy rating due to a combination of factors including Meta Platforms’ strong expected performance in the first quarter, with total revenue anticipated to be near the higher end of management’s guidance and advertising revenue projected to grow significantly year-over-year. Despite macroeconomic concerns such as tariffs and softening consumer sentiment, the company’s advertising business is well-positioned, focusing on direct response advertising, which tends to be more resilient in challenging economic conditions.
While adjustments were made to estimates for the latter part of 2025 and beyond due to these macroeconomic challenges, the overall outlook remains positive. The anticipated growth in video engagement and new advertising offerings are expected to support continued advertising revenue growth. The price target was adjusted to $725, reflecting these considerations while maintaining confidence in Meta’s strategic positioning and operational strengths.
According to TipRanks, Blackledge is a 5-star analyst with an average return of 11.1% and a 56.21% success rate. Blackledge covers the Communication Services sector, focusing on stocks such as Alphabet Class C, Meta Platforms, and Pinterest.
In another report released on April 2, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $790.00 price target.