Meta Platforms price target raised to $800 from $685 at Bernstein

Bernstein raised the firm’s price target on Meta Platforms (META) to $800 from $685 and keeps an Outperform rating on the shares following quarterly results. The firm notes revenues were up +21% year-over-year comfortably above Street expectations. More importantly Meta offered just enough in the Q1 revenue guide of 8%-15% year-over-year growth that offers up +18% FxN on the high-end, despite all the headwinds that have been well covered, Bernstein adds. Revenue growth was once again led by higher prices, though management offered compelling commentary on the durability of revenue growth in 2025 including a $20B run-rate for their AI automation ad product, Advantage+, fueled by Andromeda improving ad delivery, the firm says.