Meta stock is on the rise.
Shares of Meta Platforms ( META ), the parent company of Facebook and Instagram, jumped early Thursday, rising more than 4%. The shares remain off 2025 highs, but have jumped out of the hole into which they’d stumbled in April.
The stock is being driven higher by quarterly financial results and related executive commentary, delivered last night, that investors are interpreting as a sign of strength in the tech trade. Earnings and revenue came in higher than Wall Street expected, and the company boasted of growing use of its AI offerings and reaffirmed big capital spending plans .
Wall Street analysts were already bullish on Meta stock before the results, and several turned even more so after them. Bank of America lifted its target by $50 to $690, while JPMorgan boosted its own by $65 to $675. (The Visible Alpha average is around $689 today.)
“We know it’s not that easy to execute so well [and] deliver strong growth off a big base,” JPMorgan wrote. “But we believe Meta is keenly aware that with strong execution [and] AI transparency, it will get a longer leash from the Street on AI investments.”
Canaccord Genuity’s Maria Ripps on Thursday maintained an $825 price target that is substantially higher than any other currently tracked by Visible Alpha and which would represent a record high. The stock finished Wednesday at $549.
“While the company does face potential macro and regulatory headwinds, with shares still well off recent highs and a long runway ahead for AI-driven improvements to key business functions, we continue to view the stock as a core holding for tech investors,” Ripps wrote.
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