"Shares of Meta Platforms Inc. (NASDAQ: META) gained 0.84% over the past five trading sessions after losing 2.15% the five prior. The Magnificent Seven member's year-to-date gain stands at 25.89%. 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."
"Recently, 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. And while its current yield of 0.27% may not seem like much, at its current price, that equates to 53 cents per share quarterly, or $2.12 per share annualized. As the dominant player in the social media landscape, Meta Platforms is now branching out more broadly into tech, and specifically, the artificial intelligence (AI) space."
Shares of Meta Platforms gained 0.84% over the past five trading sessions after losing 2.15% the prior five, with a year-to-date gain of 25.89%. Q2 results showed EPS of $7.14 versus $5.92 expected and revenue of $47.52 billion versus $44.80 expected, including Q2 ad revenue of $46.56 billion beating a $43.97 billion forecast. Multiple analysts raised price targets in July and August, with several firms lifting targets into the $765–$850 range. META authorized a $50 billion buyback and initiated a dividend yielding 0.27%. The company is heavily investing in AI, with projected significant upside through 2030.
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