Bank of America Securities has reiterated its "Buy" rating and a $900 price target for Meta Platforms Inc. (META), signaling confidence in the company's financial trajectory. The firm points to a favorable macroeconomic environment and the growing benefits from artificial intelligence as key drivers for potential revenue growth. BofA anticipates that Meta will surpass consensus estimates in its upcoming third-quarter report, forecasting revenue of $50.0 billion and earnings per share of $7.30. These projections are higher than the general Street estimates of $49.5 billion and $6.69, respectively. The bank also projects strong fourth-quarter results, with revenue expected to be around $58.8 billion. This positive outlook is further supported by data indicating continued investment at Meta, with job postings increasing by 6% quarter-over-quarter in the third quarter. BofA suggests Meta may also refine its full-year 2025 expense and capital expenditure guidance, reflecting ongoing investments in AI infrastructure.
BofA Maintains $900 Price Target for Meta, Citing Strong Advertising and AI Outlook
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