Meta Platforms price target raised to $875 from $800 at Guggenheim

Guggenheim raised the firm’s price target on Meta Platforms (META) to $875 from $800 and keeps a Buy rating on the shares after Q2 results showed accelerated revenue and profit growth and Q3 revenue guide was “similarly ahead.” Following the report, the firm lifted its revenue, capex and opex estimates, resulting in about 2% increases in its 2026 and 2027 operating income estimates, the analyst tells investors.