1 Wall Street Analyst Thinks Meta Platforms Stock Is Going to $750. Is It a Buy?

Shares of Meta Platforms (NASDAQ: META) fell to a cheap valuation in 2022 and have soared almost 400% over the last two years. However, the stock is still trading at a reasonable 23 times this year's earnings estimate that could support more gains in 2025.JMP Securities analyst Andrew Boone recently raised the firm's price target to $750, implying upside of 25% over the current $599 share price, and maintained an outperform (buy) rating on the stock. The analyst sees several reasons to be bullish on the social media leader's growth prospects.Meta Platforms spent $30 billion on capital expenditures over the past year, and it will continue to increase spending on infrastructure based on the company's growing free cash flow and opportunities in artificial intelligence (AI).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool