Bernstein Raises Meta Price Target to $675 from $600
Tiger Newspress10-25 22:17
Bernstein raised the firm’s price target on Meta Platforms to $675 from $600 and keeps an Outperform rating on the shares.
Meta shares gained 1.8% in morning trading.
Shares are up 59% year-to-date and Meta has replaced Google as the “set-it-and-forget-it” blue chip holding that offers a growing, healthy core business, an AI winner story with lower terminal risk, and a shareholder-friendly management team, the analyst says.
The setup through year-end offers a more balanced risk-reward as decent ad buyer checks, higher CPMs, and helpful FX trends are offset by weaker-than-expected ad spending from Temu and Shein, a shorter holiday shopping season, and limited guidance on key 2025 metrics, the firm says.
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