Brian Nowak from Morgan Stanley has maintained a Buy rating on Meta Platforms, setting a price target at $660, backed by the company's strong financials and investments. Advances in GPU-enabled capabilities and a robust product pipeline are projected to drive revenue acceleration. Independently, Evercore ISI also holds a Buy rating but with a higher target of $725. Additionally, the recent positive insider sentiment suggests confidence in Meta's future growth. Long-term investments, despite some increase in expenses, underpin a favorable outlook, with bull projections reaching up to $900.
Meta Platforms' strong financial performance and strategic investments support its optimistic outlook, as analysts see potential for revenue acceleration and stock growth.
Brian Nowak noted that the planned investments could lead to a bull case scenario of $900, despite slightly rising operating expenses.
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