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Investing.com - Cantor Fitzgerald raised its price target on Meta Platforms Inc. (NASDAQ:META) to $920.00 from $828.00 on Thursday, while maintaining an Overweight rating following the company’s second-quarter results. With Meta currently trading at $695.21 and a market cap of $1.75 trillion, InvestingPro data shows analyst targets ranging from $587 to $950, with 10 analysts recently revising earnings estimates upward.
Meta reported second-quarter results that exceeded Wall Street expectations, with revenue and earnings per share coming in 6% and 21% above consensus estimates, respectively. The company’s ad revenue growth accelerated by 2 percentage points to 22% year-over-year, excluding foreign exchange impacts. InvestingPro analysis reveals impressive financial health metrics, including an 81.77% gross profit margin and total revenue of $170.36 billion in the last twelve months.
For the third quarter of 2025, Meta provided guidance for revenue growth between 16% and 23% year-over-year, excluding foreign exchange effects, suggesting potential further acceleration at the high end of the range.
The social media giant revised its full-year 2025 outlook, raising the low end of both operating expense and capital expenditure guidance by $1 billion and $2 billion, respectively. Meta also indicated that preliminary fiscal year 2026 operating expense growth would accelerate compared to 2025 levels, with approximately $30 billion in year-over-year capital expenditure increases.
Cantor Fitzgerald noted that while these investment levels are substantial, Meta’s core business provides sufficient capacity to fund its long-term artificial intelligence initiatives, positioning the company well in terms of capital, infrastructure, and talent for future technological advancements.
In other recent news, Meta Platforms Inc. has reported strong second-quarter results, with revenues reaching $47.5 billion, surpassing Wall Street expectations of $44 billion. The company also exceeded buy-side estimates of $46 billion, marking its largest earnings beat in several years, as noted by Scotiabank (TSX:BNS). Meta’s operating income reached $20.4 billion, outperforming consensus estimates by 19%. Looking ahead, Meta’s third-quarter revenue guidance is set to exceed expectations, with projections indicating a 21% year-over-year growth at the midpoint, according to Susquehanna.
In response to these developments, several analyst firms have adjusted their price targets for Meta. Guggenheim lowered its price target to $875 from $900, maintaining a Buy rating. Meanwhile, Scotiabank increased its target to $685 from $675, keeping a Sector Perform rating. BMO Capital raised its price target to $710 from $610, with a Market Perform rating, and Susquehanna increased its target to $900 from $700, maintaining a Positive rating.
Morgan Stanley (NYSE:MS) also raised its price target to $850 from $750, citing improvements in AI-driven engagement and monetization metrics. These recent developments highlight the positive analyst sentiment surrounding Meta’s financial performance and future growth prospects.
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