Oppenheimer analyst Jason Helfstein raised the firm’s price target on Meta Platforms (META) to $870 from $775 and keeps an Outperform rating on the shares following quarterly results. The firm notes AI/ML drove Q2 revenue +22% year-over-year, a 300bps acceleration vs. Q1 ex-FX, or 6% above Oppenheimer/Street estimates, with no expected slowdown in Q3.
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