Meta Platforms (META) to the Moon? Loop Capital Set an $888 Price Target!

Loop Capital analyst Rob Sanderson recently raised the price target on Meta Platforms, Inc. (NASDAQ:META) to $888 from $695 and keeps a Buy rating on the shares. Meta engages in the development of products that enable people to connect and share with friends and family.

The analyst cited the company's better than expected 2Q outlook and noted that its expectation that a drop in spending intensity from China-based advertisers would flatten revenue growth was a misread.

Per Loop, Meta Platforms (META) remained the best non-hardware example of tangible, right-now beneficiary of AI and the stock would outperform the Mag-7 peer group this year.

While we acknowledge the potential of META, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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