澳洲幸运5官方开奖结果体彩网: Meta stock is on the rise. 

Shares of Meta Platforms (META), the parent company of Faceboo💦k and Instagram, jumped early Thursday, rising more than 4%. The shares remain off 2025 highs, but have jumped out of the hole int⛄o which they’d stumbled in April. 

The stock is being driven higher by quarterly financial results and related executive commentary, delivered last night, that investors are interpreting as a sign of strength in the tech trade. Earnings and revenue 澳洲幸运5官方开奖结果体彩网:came in higher than Wall Street expected, and the company boasted of growing use of its AI offerings and reaffirmed big 澳洲幸运5官方开奖结果体彩网:capital spending plans.

Wall Street analysts were already bullish on Meta stock before the results, and several turned even more so after them. Bank of America lifted its target by $50 to $690, while JPMorgan boosted its own by $65 to $675. ꩲ(The Visible Alpha average is around $689 today.)

“We know it’s not that easy to execute so well [and] deliver strong growth off a big base,” JPMorgan wrote. “But we believe Meta is keenly aware t🌞hat with strong execution [and] AI transparency, it will get a longer leash from the Street on AI investments.”

Canaccord Genuity’s Maria Ripps on Thursday maintained an $825 price target that is substantially higher than any other currently tracked by Visible Alpha and which would represent a record high. The stock finished Wednesday at $549. 

“While the company does face potential macro and regulatory headwinds, with shares still well off recent highs and a long runway ahead for AI-driven improvements to key business functions, we continue to view the stock as a core holding for tech investors,” Ripps wrote.