Meta Platforms price target raised to $700 from $650 at Truist

Truist analyst Youssef Squali raised the firm’s price target on Meta Platforms (META) to $700 from $650 and keeps a Buy rating on the shares as part of a broader research note previewing Internet services for 2025. The firm notes that while its estimates for the stock remain unchanged, it is extending its discount cash flow model by an extra year to capture Meta’s higher growth prospects in the outer years as the company continues to grow faster for longer, the analyst tells investors in a research note.