Meta Receives Price Target Boost to $775 on AI Optimism

by MarketNewsData

Bank of America raises Meta’s PT to $775 citing AI infrastructure investments

Meta (NASDAQ: META) received a price target upgrade today from Bank of America, reflecting increased confidence in the company’s long-term AI strategy.

🔹 Upgrade Details

  • Analyst: Justin Post, Bank of America
  • New Price Target: $775 (up from $765)
  • Rating: Buy (maintained)
  • Reason: BofA expects Meta’s AI and infrastructure investments to drive top-line growth into 2025. The firm modestly raised its 2025 revenue forecast by ~1%, while trimming 2026 EPS to reflect increased R&D costs.

🔹 Context

  • Meta is closed at $710.39, off intraday highs of $724.47
  • The company has seen a series of upgrades recently, including:
    • J.P. Morgan: Raised PT to $795 (July 11)
    • TD Cowen: Raised PT to $800 (July 9)

🔹 Outlook
With Q2 earnings set for July 30, analysts are looking for Meta to “make the case” that its massive AI spending will convert into margin-supportive growth. Despite flat trading today, sentiment remains strongly bullish across the Street.

Bottom Line:
Meta’s AI narrative continues to attract Wall Street support, but investors will be watching closely for signs of ROI when the company reports later this month.

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