Goldman Sachs analyst Eric Sheridan raised the firm’s price target on Meta Platforms to $636 from $555 and keeps a Buy rating on the shares. The firm increased forward revenue growth estimates in both the second half of 2024 and 2025 to reflect both more positive channel checks on Q3 growth and increased confidence in tailwinds from several key growth drivers sustaining over the medium-to-long term. Goldman sees a path to Meta delivering at-or-above its revenue guidance range for Q3 and sustained mid-teens total revenue growth through 2025.
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