Baird raised the firm’s price target on Meta Platforms (META) to $630 from $605 and keeps an Outperform rating on the shares. The firm said the solid Q3 results reflect a stable macro environment, ongoing healthy user growth and engagement trends, and importantly, the ongoing benefits of AI in ad products and content recommendations.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Morgan Stanley says ‘don’t be spooked’ by Meta Platforms investment plans
- Meta Platforms price target raised to $660 from $635 at JMP Securities
- Meta Platforms price target raised to $630 from $550 at Barclays
- Meta Platforms price target raised to $705 from $645 at Citi
- Meta Platforms price target raised to $800 from $780 at Pivotal Research