Truist Raises Meta Platforms (META) PT to $900 on Strong User Engagement, Improving Monetization Ahead of Q3 Earnings

Meta Platforms Inc. (NASDAQ:META) is one of the stocks that should double in 3 years. On October 24, Truist analyst Youssef Squali lifted the price target for Meta to $900 from $880 and reaffirmed a Buy rating. The decision was made as the firm is highly optimistic about the company’s prospects heading into its Q3 2025 earnings announcement.

Squali anticipates that results will be in line with or slightly ahead of the estimated 22% year-over-year revenue growth. This forecast is built upon two core operational drivers: sustained strong user engagement and improving monetization achieved through better ranking and recommendation algorithms across the platform.

Truist Raises Meta Platforms (META) PT to $900 on Strong User Engagement, Improving Monetization Ahead of Q3 Earnings

A major factor shaping the company’s current narrative is its intense focus on accelerating AI progress. During the quarter, the company committed substantial resources to this goal through partnerships and infrastructure build-out.

Meta Platforms Inc. (NASDAQ:META) develops products that enable people to connect and share with friends & family through mobile devices, personal computers, virtual reality & mixed reality headsets, augmented reality, and wearables worldwide.

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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Disclosure: None. This article is originally published at Insider Monkey.