Meta Is An 'AI Story' Fueled By Llama And Meta AI, Says Bullish Analyst

Meta Platforms, Inc. (NASDAQ:META) reported its third-quarter results after Wednesday's closing bell, beating analysts' expectations on the top and bottom lines while indicating higher capital spend to come. Analyst reactions are pouring in. 

The Meta Analysts:

Bank of America Securities analyst Justin Post maintained Meta Platforms with a Buy and raised the price target from $630 to $660.

Rosenblatt analyst Barton Crockett maintained a Buy rating and $811 price target.

Goldman Sachs analyst Eric Sheridan maintained a Buy rating, but lowered the price target from $636 to $630. 

Needham analyst Laura Martin reiterated an Underperform rating on Meta.

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The Meta Takeaways

Bank of America: BofA Securities labeled Meta ...