Meta Platforms price target raised to $563 from $550 at BofA

BofA raised the firm’s price target on Meta Platforms to $563 from $550 and keeps a Buy rating on the shares after a Q2 beat and issuance of a Q3 outlook above Street forecasts. Following the report, the firm raised its above-Street estimates to reflect higher monetization and higher expenses, raising its 2025 revenue view by 1% to $183B and EPS forecast by 4% to $24.43, the analyst tells investors.