Goldman Sachs and Barclays Raise Meta Platforms Price Targets on Ad and AI Strength

Wall Street firms have raised their price targets on Meta Platforms Inc. following continued optimism around the company's advertising demand and artificial intelligence initiatives. Goldman Sachs analyst Eric Sheridan lifted the firm's price target on the stock to $885.00 from $860.00, reiterating a favorable stance on its operational performance. Earlier the same day, Barclays analyst Ross Sandler increased his price target to $880.00 from $780.00 while maintaining the firm's rating, citing confidence in core digital advertising and expanding AI monetization catalysts.