Wedbush Raises Meta PT to $920 from $750, Maintains Outperform Rating

Wedbush Raises Meta PT to $920 from $750, Maintains Outperform Rating

Wedbush analyst Scott Devitt has increased the price target for Meta Platforms (META) to $920 from $750, while maintaining an Outperform rating on the shares. The move follows Meta's strong Q2 results, which saw revenue grow by about 6% compared to the Street's expectations and operating income $3.4 billion above consensus. Devitt noted that the firm is increasingly constructive on the range of outcomes for Meta this year [1].

Meta's Q2 performance highlights the company's ability to deliver robust financial results, which has bolstered analyst confidence. The company's earnings per share (EPS) of $7.14 exceeded analysts' expectations of $5.92, and revenue of $47.52 billion surpassed the projected $44.80 billion. Additionally, Meta raised its full-year capital expenditures forecast to between $66 billion and $72 billion, up from the previous estimate of $64 billion to $72 billion [3].

Analysts across various firms have reacted positively to Meta's Q2 results and 3Q guidance, raising their price targets. For instance, Citi's Ronald Josey raised his target to $915, implying almost 32% upside, while Bank of America's Justin Post increased his target to $900, reflecting more than 29% upside. UBS analyst Stephen Ju also raised his target to $897, Morgan Stanley's Brian Nowak to $850, and Bernstein's Mark Shmulik to $900. Baird's Colin Sebastian increased his target to $820 [3].

The positive analyst sentiment is driven by several factors, including Meta's growing engagement rates, improved AI models, and new ad products. Analysts also highlight the potential of Meta's AI Foundation Models and its Superintelligence Labs to drive future growth. The company's focus on expanding monetization to newer surfaces like WA, Threads, and Business AI further supports the bullish outlook [3].

While Meta's Q2 results were strong, the company's AI-related expenses are expected to grow significantly in 2026, with expenses growing by more than 20% year-over-year. This growth is attributed to the company's AI hires and server depreciation. Despite this, analysts remain optimistic about Meta's long-term prospects, noting the potential for continued engagement and monetization improvements, as well as the development of AI superintelligence [3].

References:
[1] https://www.tipranks.com/news/the-fly/meta-platforms-price-target-raised-to-920-from-750-at-wedbush-thefly
[3] https://www.cnbc.com/2025/07/31/metas-earnings-beat-expectations-heres-how-analysts-are-reacting.html