Daiwa: Raises Metas target price to $650, raises earnings forecasts for this year and next year.

Morgan Stanley's research report indicates that Meta is still the most dominant GPU leader in the field, with its innovative capabilities continuing to drive more stable user engagement and revenue growth, even in the face of macro uncertainty. The bank has raised its earnings per share forecast for the current and next year by about 8% and 4%, respectively, raising the target price from $615 to $650 and maintaining a "overweight" rating. The bank also stated that in an optimistic scenario, Meta's target price could reach $870.