JPMorgan raised the firm’s price target on Meta Platforms (META) to $875 from $795 and keeps an Overweight rating on the shares. The company reported “very strong” Q2 results and guidance as its outsized revenue growth continues to support infrastructure investments, the analyst tells investors in a research note. The firm says that despite a challenging Llama 4 rollout and changes to its artificial intelligence team, Meta “did not miss a beat” in its core advertising business.
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