According to Odaily, despite a slight dip in Meta's stock price on Monday morning, Wealthy Bank has raised its target price for Meta from $593 per share to $625. The bank stated that Meta's strong advertising performance in the second quarter was the reason for the increase in its stock price.
In their latest research report, analysts told investors that they expect Meta's revenue for the third quarter to reach between $38 billion and $40.5 billion. They believe that Meta has strong growth momentum and will maintain an increased rating, raising the target price to $625 per share.