Meta Platforms reported third-quarter revenue of $64.6 billion, exceeding the $63.37 billion expected by analysts polled by LSEG and representing a 26% increase from a year earlier. Earnings came in at $3.83 per share, compared with $1.05 a year earlier, and the stock has risen more than 11% over the past three months. After Meta unveiled Muse, its AI personal assistant, in September, the stock gained nearly 27% in one month, its best month in roughly four years, before falling more than 2% in pre-market trading Thursday. Barclays, Goldman Sachs, JPMorgan, Morgan Stanley, Citigroup, Deutsche Bank and Wells Fargo raised their price targets or maintained positive recommendations, with targets ranging from $860 to $940, implying up to 35% potential upside. Analysts highlighted improved ad recommendations and conversions through AI, Muse adoption by 10 million users, and monetization opportunities across subscriptions, transactions and enterprise offerings.
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