Analyst Jason Helfstein of Oppenheimer maintained a Buy rating on Meta Platforms, raising the price target to $525. He attributes this to robust digital advertising and high Chinese advertiser demand despite initial underperformance, boosted by AI advancements.
Geographical revenue breakdown analysis by Helfstein anticipates SMB ad demand rise amidst Federal Reserve rate cuts. The increased price target of $525 is supported by adjusted revenue growth projections and higher GAAP EPS forecasts.
Corporate insider activity shows positive sentiment on Meta Platforms, with 304 insiders buying shares. This reflects an upward trend in insider buying compared to previous quarters. TipRanks Premium offers exclusive insights for investment decisions.
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