Meta Platforms (NASDAQ: META) received significant price target increases from several Wall Street analysts following recent company announcements. Since June 12, the average target among updates is a nearly 12% increase. Notably, Cantor Fitzgerald boosted its price target from $676 to $807, a 19% increase, indicating strong bullish sentiment.
The consensus price target for Meta shares is now $710, implying less than a 2% upside from its June 23 closing price. Key developments include Meta assembling a “superintelligence team” with top-tier AI talent and planning to monetize its WhatsApp platform, which has 3 billion monthly active users, through business ads and subscription features. These initiatives could enhance Meta’s revenue potential.
