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Meta Stock Price Targets Climb After AI-Driven Q2 Beat

Analysts boost price targets to $900, $850 after Meta topped revenue, earnings forecasts; critics warn of rising capital burn.

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Overview

  • Meta reported second-quarter revenue of $47.5 billion and earnings of $7.14 per share, both surpassing consensus estimates.
  • Chief Executive Mark Zuckerberg said AI has unlocked greater efficiency in its ad system, driving user engagement and improved conversion rates.
  • Third-quarter guidance projects revenue between $47.5 billion and $50.5 billion, implying 17% to 24% year-over-year growth.
  • Bank of America raised its price target on Meta to $900 and TheStreet’s Chris Versace boosted his to $850 after the strong results.
  • Hedge fund manager Doug Kass warned that Meta burned through $30 billion over the past two quarters and that a planned $30 billion capex increase for 2026 could weigh on margins.