Enhanced Ad Performance and Diversified Revenue Growth Sets Meta Platforms on a Positive Trajectory: Analysts

JMP Securities analyst Andrew Boone maintained Meta Platforms Inc (NASDAQ:META)with a Market Outperform and raised the price target from $300 to $350.

Ahead of Meta’s 2Q23 earnings on July 26, Boone increased his estimates given strong engagement trends, improving ad performance driven by AI, and the 2Q23 advertising environment more broadly appears to be stable.