24 institutions raise META price target after Q2 2023 earnings beat

In a recent wave of positive sentiment, 24 stock market analysts have raised their price targets on Meta Platforms, Inc., formerly known as Facebook. These revisions come alongside strong recommendations, signaling a collective bullish outlook for the tech giant.

Let’s delve into the details of these price target updates and their implications for investors.

JPMorgan Raises Price Target on Meta to $425

Kicking things off, JPMorgan upped its price target on Meta from $305 to $425, maintaining an Overweight rating.

Goldman Sachs Boosts Price Target on Meta

Goldman Sachs, a leading global investment bank, has also raised its price target on Meta from $335 to $384 while maintaining a Buy rating.

The move by Goldman Sachs underscores its positive outlook on Meta’s future performance and its belief in the company’s ability to deliver value to its stakeholders.

Morgan Stanley and Bank of America Express Optimism

Morgan Stanley and Bank of America, two well-established financial institutions, both increased their price targets on Meta.

Morgan Stanley raised its target from $350 to $375 with an Overweight rating, while Bank of America revised its target to $375 with a Buy rating.

Citi and Wells Fargo Bullish on META

Citi and Wells Fargo, respected financial firms, have also adjusted their price targets upward on Meta.

Citi raised its target from $360 to $385, maintaining a Buy rating, while Wells Fargo increased its target from $313 to $389 with an Overweight rating.

Barclays and Piper Sandler Acknowledge Meta’s Potential

Barclays and Piper Sandler have joined the ranks of optimistic analysts, raising their price targets on Meta.

Barclays now targets $410 with an Overweight rating, and Piper Sandler’s target is now $365, both maintaining their Overweight rating.

Truist and Mizuho Show Confidence

Truist and Mizuho, renowned financial firms, have expressed their confidence in Meta’s potential.

Truist raised its target from $340 to $390, maintaining a Buy rating, while Mizuho adjusted its target from $350 to $400, also maintaining a Buy rating.

Stifel and UBS Highlight Positive Trends

Two respected financial institutions, Stifel and UBS, have both increased their price targets on Meta.

Stifel raised its target from $336 to $385 with a Buy rating, and UBS adjusted its target from $300 to $335, maintaining a Buy rating.

Susquehanna, TD Cowen, and Evercore Acknowledge Meta’s Outperformance

Susquehanna, TD Cowen, and Evercore have recognized Meta’s outperformance potential.

Susquehanna raised its target from $310 to $400 with a Positive rating and TD Cowen adjusted its target from $345 to $365 with an Outperform rating.

On the other hand, Evercore set a target of $435 with an Outperform rating.

Baird and Oppenheimer Show Confidence in Meta

Baird and Oppenheimer have expressed confidence in Meta’s growth prospects.

Baird raised its target from $260 to $355 with an Outperform rating, while Oppenheimer increased its target from $350 to $385 with an Outperform rating.

Meta Price Targets After Q2 2023 Earnings

Meet the 24 institutions and stock market analysts that have raised their META price targets following the Q2 2023 earnings season.

Find the price targets, ratings, and recommendations for META below.

Buy Rating

Goldman Sachs today raised its price target on Facebook META to $384 from $335 while maintaining its Buy rating
Bank of America raised its price target on Facebook META to $375 from $350 while maintaining its Buy rating
Citi raised its price target on Facebook META to $385 from $360 while maintaining its Buy rating
Truist raised its price target on Facebook META to $390 from $340 while maintaining its Buy rating
Mizuho raised its price target on Facebook META to $400 from $350 while maintaining its Buy rating
Stifel raised its price target on Facebook META to $385 from $336 while maintaining its Buy rating
UBS raised its price target on Facebook META to $335 from $300 while maintaining its Buy rating
Guggenheim raised its price target on Facebook META to $375 from $320 while maintaining its Buy rating
Jefferies raised its price target on Facebook META to $400 from $360 while maintaining its Buy rating
Canaccord raised its price target on Facebook META to $375 from $360 while maintaining its Buy rating

Outperform Rating

JPMorgan raised its price target on Facebook META to $425 from $305 while maintaining its Overweight rating
TD Cowen raised its price target on Facebook META to $365 from $345 while maintaining its Outperform rating
Evercore raised its price target on Facebook META to $435 from $350 while maintaining its Outperform rating
Baird raised its price target on Facebook META to $355 from $260 while maintaining its Outperform rating
Oppenheimer raised its price target on Facebook META to $385 from $350 while maintaining its Outperform rating
Bernstein raised its price target on Facebook META to $375 from $350 while maintaining its Outperform rating
RBC raised its price target on Facebook META to $400 from $330 while maintaining its Outperform rating
Wolfe raised its price target on Facebook META to $390 from $330 while maintaining its Outperform rating

Overweight Rating

Morgan Stanley raised its price target on Facebook META to $375 from $350 while maintaining its Overweight rating
Wells Fargo raised its price target on Facebook META to $389 from $313 while maintaining its Overweight rating
Barclays raised its price target on Facebook META to $410 from $320 while maintaining its Overweight rating
Piper Sandler raised its price target on Facebook META to $365 from $310 while maintaining its Overweight rating
Keybanc raised its price target on Facebook META to $356 from $335 while maintaining its Overweight rating