UBS raised the firm’s price target on Meta Platforms to $690 from $635 and keeps a Buy rating on the shares ahead of the Q3 earnings report. Despite a slower start, ad budgets accelerated in August into September due to uplift from political and brand advertising recovery, as well as improved consumer sentiment, the analyst tells investors in a research note. Meta also benefited from political spend and optimization and efficiencies, the firm says.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Meta Platforms price target raised to $665 from $600 at Guggenheim
- Meta unveils Meta Movie Gen generative AI research for media
- Jobs data surprise to upside: Morning Buzz
- Meta Platforms price target raised to $660 from $600 at Argus
- Buy/Sell: Wall Street’s top 10 stock calls this week