UBS Just Raised Its Price Target on Meta Platforms (META) Stock
UBSUBS(UBS) Investor Place·2024-08-01 23:40

UBS analysts raised their price targets on Meta Platforms (NASDAQ:META) stock to 635pershare,reaffirmingtheir“buy”ratingonthebackofstellarsecond−quarterearnings.Metaearned635 per share, reaffirming their “buy” rating on the back of stellar second-quarter earnings.Meta earned 13.46 billion, 5.16pershare,onrevenueof5.16 per share, on revenue of 39 billion during the quarter ending in June. The company reported after the market closed yesterday. Earnings were up 73%, and revenue was up 22% from a year ago. All the numbers beat analyst estimates.META stock was trading early today at 502pershare,upabout502 per share, up about 30 or 6% o ...