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Meta Flexes Ad Strength, Analyst Cites Travel Trends And Weak US Dollar
Benzinga· 2025-07-18 00:32
Keybanc analyst Justin Patterson reiterated an Overweight rating for Meta Platforms META and raised the price forecast from $655 to $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? ...