Barclays Lifts Meta Platforms (META) PT to $810 After Strong Q2 Performance

Meta Platforms Inc. (NASDAQ:META) is one of the most profitable growth stocks to buy according to billionaires. On August 1, Barclays raised the firm’s price target on Meta Platforms to $810 from $640 and kept an Overweight rating on the shares following the Q2 report. The company is taking big swings to create more shareholder value compared to the stagnation across most of the large-cap tech.

In Q2 2025, Meta reported a revenue of $47.52 billion, which was a 22% increase year-over-year. Net income for the quarter was $18.34 billion, which was a 36% jump.

Operationally, the company saw continued growth in its user base and advertising business. Family daily active people/DAP averaged 3.48 billion in June, which was a 6% increase. Ad impressions delivered across Meta’s apps increased by 11% and the average price per ad rose by 9%. The company’s cash, cash equivalents, and marketable securities stood at $47.07 billion as of June 30 this year.

Meta Platforms Inc. (NASDAQ:META) develops products that enable people to connect and share with friends and family through two segments: Family of Apps/FoA and Reality Labs/RL.

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Disclosure: None. This article is originally published at Insider Monkey.