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Benzinga
Benzinga
Business
Anusuya Lahiri

Meta Flexes Ad Strength, Analyst Cites Travel Trends And Weak US Dollar

Justin Patterson United States Meta
Meta

Keybanc analyst Justin Patterson reiterated an Overweight rating for Meta Platforms (NASDAQ:META) and raised the price forecast from $655 to $800 on Wednesday, citing strong second-quarter ad trends, stable macro conditions, and momentum in AI.

Patterson increased his 2025 and 2026 revenue and earnings estimates for Meta, anticipating a better-than-expected performance driven by resilient ad spending, improving travel trends, and a weakening U.S. dollar.

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