Meta Platforms stock upgraded to Buy by Erste Group Bank as analysts highlight AI-driven growth

Erste Group Bank raised its rating on Meta Platforms (NASDAQ:META) from Hold to Buy in a research note issued on Tuesday, citing the company's strong earnings and AI initiatives. The upgrade joins a range of recent analyst actions, including Wolfe Research’s “outperform” rating with a $800 price target, Piper Sandler’s initiation of coverage with an “overweight” stance, and UBS’s downgrade from Buy to Neutral. Meta reported quarterly earnings of $10.44 per share, beating consensus estimates by $3.77, and posted revenue of $56.31 billion, up 33.1% year‑over‑year. Investors such as the author of a Seeking Alpha piece are accumulating META shares, emphasizing the firm’s low forward P/E, robust margins and strategic shift toward AI cloud services and non‑advertising revenue. The consensus among analysts now leans toward a “Moderate Buy” rating with an average price target around $840.