Meta Stock Gains Momentum Ahead of Q2 Earnings Report

Meta Platforms stock gains as analysts raise price targets ahead of Q2 report. TD Cowen analyst John Blackledge reiterated a buy call and raised his price target to $800, from $700. Other analysts have also upped their targets, with results due later this month. The stock is back towards highs from late last month.

Meta Platforms (META) stock has seen a significant boost as multiple Wall Street analysts have raised their price targets ahead of the company's second-quarter earnings report. The stock is now back towards highs from late last month, reflecting optimism among investors and analysts alike.

TD Cowen analyst John Blackledge reiterated a buy call and raised his price target for Meta stock to $800, up from $700. This move comes as the company is expected to report its second-quarter results later this month. Blackledge's forecast includes a 16% year-over-year (YoY) revenue growth, driven by continued video monetization and engagement gains. The analyst cited Meta's recent AI investments and hires as a response to mixed Llama 4 reception, aiming to enhance AI capabilities to drive core advertising and Business AI tools [1].

Other analysts have also upped their price targets for Meta stock. Wells Fargo analysts moved their target to $783 from $664, while Roth analysts increased theirs to $740 from $620. These upgrades were partly driven by the easing of tariffs, which is expected to improve advertising spending [1].

Before the July 4 holiday weekend, Meta stock received a neutral upgrade from previously bearish analysts at Needham, further reflecting the improving sentiment towards the company. The stock was trading at $733.01 in recent action, up about 2% [1].

Meta's strong performance is also evident in its earnings projections. Analysts polled by FactSet are projecting adjusted earnings of $5.83 per share for the second quarter, up 13% YoY, with sales expected to rise 14% to $44.6 billion [1].

The stock has rallied more than 50% since mid-April, putting it back at record highs by the end of last month. Despite initial concerns about tariffs weighing on advertising spending, analysts have revised their targets upwards, with the average target price among analysts rising to $720.53 as of Wednesday [1].

For its upcoming earnings report, investors will be closely watching for updates on Meta's spending plans, particularly its "Meta Superintelligence Lab" focused on AI research and products. The company has recruited researchers from OpenAI and other competitors for this effort [1].

Meta stock has been the best performer among the Magnificent Seven stocks this year, gaining 26% overall. The stock has an IBD Composite Rating of 96 out of a best-possible 99, indicating strong fundamentals [1].

In summary, the upward revision in price targets for Meta Platforms stock reflects the positive outlook among analysts and investors, driven by strong earnings expectations and the company's ongoing investments in AI and other growth initiatives.

References:
[1] https://www.investors.com/news/technology/meta-stock-price-target-hike-q2-results-2025-facebook-ai/?mod=newsviewer_click&refcode=aflMarketWatch&src=A00619
[2] https://www.investing.com/news/stock-market-news/td-cowen-lifts-meta-stock-price-target-amid-positive-q2-expectations-4128212