Meta Flexes Ad Strength, Analyst Cites Travel Trends And Weak US Dollar
Keybanc analyst Justin Patterson reiterated an Overweight rating for Meta Platforms META and raised the price forecast from 800 on Wednesday, citing strong second-quarter ad trends, stable macro conditions, and momentum in AI.Patterson increased his 2025 and 2026 revenue and earnings estimates for Meta, anticipating a better-than-expected performance driven by resilient ad spending, improving travel trends, and a weakening U.S. dollar. Also Read: Meta Has Gained 26% In 2025, Can The Rally Continue? ...