Meta Platforms remains Loop’s top pick amid expected Q4 advertising acceleration

Loop Capital keeps a Buy rating and $375 price target on Meta Platforms (META) as part of a broader research note, stating that the firm’s conversations with ad channel participants suggest a solid spending environment in Q3, with less upside momentum than in Q2 but with a more aggressive outlook for Q4. Trends at Meta appear to remain robust with continued Reels momentum, the analyst tells investors in a research note. The firm also states that Google search sounds solid while its YouTube performance is strong, though it keeps a Hold rating and $140 price target on Alphabet (GOOGL) shares. Loop further states that “more brands, retailers and agencies appear to be recognizing the value” of Pinterest (PINS), keeping a Buy rating and $37 price target on the stock.