"The Magnificent Seven member's year-to-date gain stands at 19.63%. When the company reported Q2 earnings on July 30, it announced EPS of $7.14 versus an expected $5.92 and revenue of $47.52 billion versus $44.80 expected. The company's Q2 ad revenue was $46.56 billion, beating Wall Street's forecast of $43.97 billion. Over the summer, the Mark Zuckerberg-led tech stock has seen a flurry of analyst upgrades. On Aug. 1, Barclays raised its price target to $810 from $640."
"In July, Benchmark ($800 from $640), KeyBanc ($800 from $655), Bernstein ($775 from $700), Bank of America ($765 from $690), Wells Fargo ($783 from $664), Cantor Fitzgerald ($828 from $807), Canaccord ($850 from $825) and Citi ($803 from $690) all issued bullish price target adjustments on META. This year, META announced - alongside authorizing a $50 billion stock buyback - that shares of META would begin paying a dividend."
Shares of Meta Platforms fell 0.78% over the past five trading sessions after a prior five-session decline of 5.46%, while year-to-date gains total 19.63%. Q2 results showed EPS of $7.14 versus $5.92 expected and revenue of $47.52 billion versus $44.80 expected, with Q2 ad revenue of $46.56 billion beating forecasts. Multiple analysts raised price targets, including Barclays to $810 and several firms increasing targets into the $765–$850 range. Meta authorized a $50 billion stock buyback and initiated a dividend yielding 0.28% (about $0.53 quarterly). The company is investing heavily in artificial intelligence. From 2014 to 2024, revenue grew from $12.466 billion to over $164 billion and net income rose to over $62.36 billion.
Read at 24/7 Wall St.
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