Analysts Bullish on Meta Platforms Ahead of Q3 Earnings
Truist and Stifel analysts have raised or reaffirmed bullish ratings on Meta Platforms (META) ahead of its Q3 earnings report on October 29. Truist's Youssef Squali increased the price target to $900 from $880, citing AI-driven improvements in user engagement and ad monetization. Stifel's Mark Kelley maintained a Buy rating with a $900 target.
Wall Street expects Q3 EPS of $6.72, representing 11.4% YoY growth, with revenue projected to climb 22% to $49.48 billion. The Optimism reflects Meta's continued dominance in social media and its ability to leverage AI for enhanced ad targeting and platform efficiency.