US Stock Market Move | Meta (META.US) rose nearly 3% as Goldman Sachs Group, Inc. raised its target price to $830.

On Monday, Meta (META.US) rose nearly 3%, closing at $771.51. A research report from Goldman Sachs Group, Inc. pointed out that Meta's second quarter performance showed strong momentum in core business, with AI development effectively enhancing advertising business efficiency. Meta's management maintained full-year spending guidance and will focus on long-term computing power investment and talent development, optimistic about the long-term growth in areas such as media consumption, creator economy, communication platforms, and advertising ecosystem AI applications. Based on the latest performance and guidance, Goldman Sachs Group, Inc. raised Meta's 2026 GAAP spending forecast to a 25% increase, capital spending forecast to around $100 billion, reiterated a "buy" rating, and raised the target price from $775 to $830.