Meta Platforms Inc. stock has shown resilience, gaining nearly 17% year-to-date and over 40% year-on-year, despite mixed Q1 earnings results. Analysts have mixed reactions: Barclays lowered its target to $640, while others like Bank of America and Citi increased theirs significantly, citing strong user engagement and AI advancements. Bank of America highlighted an easing of macro uncertainties and a potential major AI acquisition. However, Meta faces legal challenges, including antitrust issues and allegations of endangering national security, which present obstacles for future growth and guidance.
Despite a mixed Q1 earnings report where Meta missed EPS but beat revenue expectations, strong user engagement and AI tool expansion are encouraging for investors.
Barclays lowered its price target on Meta to $640 but kept an 'Overweight' rating, while other major firms raised their targets amidst ongoing strong performance.
Bank of America raised its price target to $765, emphasizing easing tariff uncertainties and potential acquisition of a 49% stake in Scale AI to bolster Meta's AI leadership.
Meta is grappling with legal issues, including antitrust challenges and accusations concerning national security risks, which may affect its future guidance and operations.
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