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CMB raises Meta's target price to $625.
Jinse Finance reported that despite U.S. Bank raising the target stock price of Meta (META) from $593 per share to $625 per share, the stock price of Meta still fell slightly on Monday morning. Citibank said Meta’s strong advertising performance in the second quarter was the reason for its stock price pump. Analysts told investors in a recent research report that they also expect third-quarter revenue to reach $38 billion to $40.5 billion. Analysts believe that Meta has a strong growth momentum, will maintain a buy rating, and raise the target price to $625 per share.