Meta Platforms reports revenue growth as analysts adjust various stock price targets

Various companies are seeing shifts in analyst sentiment and financial performance. Meta Platforms reported a 28% year-over-year revenue increase to $60.8 billion for its second quarter, though expenses rose 55% to $42 billion. Wells Fargo analyst Ken Gawrelski raised Meta's price target to $1,000, noting that the company is investing heavily in AI, including its Muse personal AI agent.

In the transportation sector, Susquehanna lowered its price target for Allegiant Travel from $110 to $85, maintaining a neutral rating. In the consumer and industrial sectors, Wells Fargo adjusted price targets for Post, lowering it to $79, and for RPM International, lowering it to $130. Additionally, TD Cowen reduced its price target for Customers Bancorp from $94 to $91, while maintaining a buy rating.