Citi analyst Ronald Josey has reiterated their bullish stance on META stock, giving a Buy rating today.
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Ronald Josey has given his Buy rating due to a combination of factors including Meta Platforms’ strong financial performance and promising future outlook. The company’s second-quarter results exceeded expectations, with a notable 22% year-over-year increase in revenue, driven by robust advertising growth and improved pricing strategies. Meta’s GAAP EPS also surpassed consensus estimates, highlighting its operational efficiency and profitability.
Furthermore, Meta’s guidance for the third quarter indicates continued revenue growth, with projections above current market expectations. The narrowing of expense and capital expenditure ranges for 2025, along with insights into 2026 investments, suggests a strategic focus on long-term growth. Additionally, the company’s engagement trends and innovations in ad technology, such as monetizing newer platforms like Threads and WhatsApp, contribute to a positive outlook, reinforcing the Buy rating.
Josey covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Pinterest. According to TipRanks, Josey has an average return of 25.5% and a 63.56% success rate on recommended stocks.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $905.00 price target.