Wedbush analyst Scott Devitt maintains $Meta Platforms (META.US)$ with a buy rating, and adjusts the target price from $600 to $680.
According to TipRanks data, the analyst has a success rate of 51.9% and a total average return of 12.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Meta Platforms (META.US)$'s main analysts recently are as follows:
A combination of second half weighted share performance in 2024 and a seasonally challenging first quarter leads to a belief that a more cautious, selective approach to software entering 2025 is advisable. However, it is expected that the sector will experience acceleration in the latter half of 2025 due to potentially increased contributions from AI and as positive revisions on conservative guidance come to fruition.
The expectation is that the consumer internet sector will perform positively this year, with 2025 poised as a pivotal period where various outcomes—ranging from capital expenditure requirements and AI investments, to the slowing of margin gains, the disruptions brought on by autonomous vehicles, and how AI is monetized across enterprise and consumer products—will dominate investor discussions. Additionally, the influence of foreign exchange headwinds is also anticipated to be a significant topic.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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