Truist analyst Youssef Squali raised the firm’s price target on Meta Platforms to $650 from $570 and keeps a Buy rating on the shares. The firm expects the company’s Q3 results to come in at the high end of guidance of 13%-20% for revenue growth amid sustained social ad demand and higher CPM, the analyst tells investors in a research note. Meta’s AI investments also continue to drive better ranking and recommendation results for users and advertisers, the firm added.
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