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Foreign exchange, Easter likely to weigh on Meta’s guidance, says Raymond James

Raymond James analyst Josh Beck keeps a Strong Buy rating and $725 price target on Meta into Q4 earnings, telling investors that the $50B+ GenAI monetization and deep learning recommendation model opportunities remain underappreciated. At the same time, the firm has a somewhat neutral tactical bias into the Q4 print as the firm expects an outlook potentially below expectations as foreign exchange and Easter are likely to weigh on guidance.

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