The Globe and Mail reports in its Friday, July 28, edition that at least 22 analysts raised their price target on Meta in the wake of the company's quarterly earnings report late Wednesday -- and most were quite hefty. The Globe's Darcy Keith writes in the Eye On Equities column that RBC Capital analyst Brad Erickson said structural ad platform improvements are being seen at a time when year-over-year comparisons are more favourable and business strength is being seen in China and at e-commerce and gaming products. He noted, "On top of a slight Q2 revenue beat, Meta guided Q3 nearly 7 per cent ahead of Street at the midpoint." RBC's share target soared $70 (U.S.) to $400. Analyst on average target the shares at $338.25 (U.S.), up from $283.12 (U.S.) a month ago. Mr. Erickson said in a note: "To us, structural ad platform improvements are coinciding with easing comps, easing FX and strength from China, Ecom and gaming to produce the strong results with q/q conversion improvements once again cited as driving better advertiser spend vs. other channels. We liked management speaking to capex and opex next year given elevated '24 earnings expectations."