Meta (META) Analysts Project 70% Upside in 12 Months Following EPS Miss

Meta Platforms (NASDAQ:META) reported Q2 earnings with a diluted EPS of $6.18, missing expectations of $7.2173 by 14.42%. Despite a 91.31% decline in free cash flow to $784 million, 55 out of 62 analysts maintain Buy ratings with an average 12-month price target of $768.58, suggesting a potential upside of 31.84%. Revenue reached $60.80 billion, slightly above the expected $60.29 billion, while total expenses surged 55% to $42.03 billion. This contrasting performance highlights ongoing confidence in Meta's advertising growth and AI initiatives, essential for investors to assess market direction.