Meta Platforms price target raised to $650 from $615 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Meta Platforms (META) to $650 from $615 and keeps an Overweight rating on the shares. Meta “remains the cleanest GPU-enabled leader in the space,” demonstrating with its quarterly report how its innovation is driving more durable engagement and revenue growth, even through an uncertain macro backdrop, the analyst tells investors. Following last night’s report, the firm notes that its FY26 EPS view rises 4%.