Meta Gets $800 Price Target—Analyst Sees Strong Q2 and AI-Led Growth

Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks Making Waves on Wall Street. On July 9, TD Cowen analyst John Blackledge maintained its “Buy” rating for the stock and raised its price target from $700.00 to $800.00.

The firm expects Meta to beat Q2 consensus estimates, forecasting quarterly revenue growth of 16% year-over-year, 2% above expectations. It believes this upside is driven by continued video monetization and engagement gains.

Moreover, the firm’s Q2 digital advertising expert check demonstrated accelerating spend growth across Meta properties.

“We forecast Q2 revenue growth of 16% (year over year), roughly 2% above consensus, driven by continued video monetization and engagement gains. We see Meta’s recent AI investment and hires as a response to mixed Llama 4 reception, as Meta increases AI capabilities to drive core advertising business and Business AI tools.”

-Blackledge

Meta Gets $800 Price Target—Analyst Sees Strong Q2 and AI-Led Growth

CEO Mark Zuckerberg has also formed a Superintelligence unit led by former Scale AI CEO Alexandr Wang and former GitHub CEO Nat Friedman.

“We believe that Meta’s AI investments will support i) Growth of the core advertising business through monetization & engagement optimization; ii) Development of Business AI tools, including interactive ads & biz messaging; and iii) Enterprise adoption of Llama models.”

While we acknowledge the risk and potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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