Wall Street analysts are sticking with bullish price targets on Meta Platforms, with some projecting gains of roughly 70% over the next 12 months, even after the company's second-quarter earnings missed estimates and free cash flow collapsed. Meta's diluted EPS came in at $6.18, missing the consensus of $7.2173 by 14.42%, while free cash flow plunged 91.31% to $784 million from $8.55 billion a year earlier, driven by a near-doubling of capital expenditures to $30.12 billion. Despite the miss, 55 of 62 covering analysts rate the stock a Buy, with an average 12-month price target of $768.58, implying about 31.84% upside from the current price near $587.94. Rosenblatt's Barton Crockett maintains targets between $1,015 and $1,117, based on monetization of the Llama ecosystem and AI-driven advertising gains, while Jefferies' Brent Thill targets $825 to $910-plus and Tigress Financial models $945. The bull case rests on a 27% year-over-year increase in ad revenue to $59.36 billion and management's guidance for operating income above 2025 levels, with bulls arguing that roughly $3.58 billion in one-time legal and severance charges obscured underlying earnings power.
Meta Platforms Inc.Analysts maintain bullish targets despite earnings miss, citing AI-driven ad gains and Llama monetization
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