Meta Platforms (META) Price Target Raised by Bernstein on AI and Ad Growth

Meta Platforms Inc. (NASDAQ:META) ranks among the best stocks to buy for the next 6 months. Bernstein analyst Mark Shmulik maintained his Outperform rating on Meta Platforms Inc. (NASDAQ:META) and increased the stock’s price target from $700 to $775 on July 22. According to Bernstein’s research report, the price target hike highlights Meta’s status as “a clear AI winner,” with positive advertising checks bolstering the company’s claims of increasing ad success.

Meta Platforms (META) Price Target Raised by Bernstein on AI and Ad Growth

The introduction of WhatsApp ads and the ongoing robust increase in Threads adoption have supported Meta’s prospects for revenue growth, allaying earlier worries about declining returns on time spent growth.

Though it acknowledged the existence of short-term concerns regarding the company’s capacity to finance AI infrastructure while preserving free cash flow and earnings per share, Bernstein identified a number of long-term growth drivers for Meta Platforms, Inc. (NASDAQ:META) beyond 2025, including wearables, business messaging, generative AI ad creative, and Meta AI.

Meta Platforms, Inc. (NASDAQ:META) is a renowned technology company known primarily for its flagship platforms Facebook, Instagram, and WhatsApp, as well as its revolutionary advances in augmented reality (AR) and virtual reality (VR).

While we acknowledge the potential of META to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than META and that has 100x upside potential, check out our report about this cheapest AI stock.

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