Many Wall Street analysts were even more bullish on the three stocks last week ahead of their quarterly earnings reports. The U.S.-listed stocks include Meta Platforms, Asian e-commerce giant Sea Ltd., and mining company Barrick Gold. CNBC Pro screened stocks in the MSCI World Index that received price target increases from Wall Street analysts over the past seven days. These stocks are also expected to report quarterly results over the next few weeks. Metaplatform Twelve equity research analysts have raised their price targets on the company behind Facebook, Instagram, and WhatsApp in the past seven days. The median price target of 70 analysts covering the stock gives the stock only 4% upside, largely due to the stock’s 64% rise this year. However, one of the most bullish analysts, Pivotal Research Group’s Jeffrey Wlodarczak, has a $780 price target on the stock, suggesting an upside of 35% over the next 12 months. Wlodarczak believes Meta will report increased sales and profits, as well as cost efficiencies enabled by AI, in the coming months. Meta Platforms is one of the leading companies in the AI space this year, releasing a sophisticated chatbot model, Llama 3, in April. “We are confident that Mr. Zuckerberg can lead META to success in a world that is constantly changing due to rapid advances in AI,” Wrodarczak said in an Oct. 1 note to clients. has raised its price target on shares of Sea Limited, the Singapore-based company that owns Asian e-commerce platform Shopee, fintech company Garena, and game developer Garena. However, analysts’ median price target leaves no upside, meaning the NYSE-listed stock is worth a lot after gaining 144.35% this year. Analysts at Phillip Capital rate the company’s stock as “neutral” despite raising their price target. They suggest the company has strong long-term prospects if it can overcome short-term pressures from increased competition. “The company’s three-pronged growth in SeaMoney, Shopee, and Garena shows the potential for long-term growth returns. However, SE currently has high selling and marketing costs to sustain. Near-term growth remains competitive due to the need for “market share,” Phillip Capital analyst Helena Wang said in a note to clients. Barrick Gold Ten analysts on the SE 1Y line also upped their bets on the Canadian-listed mining giant. The median price target of 17 analysts indicates an upside potential of 18%. Analysts were widely disappointed with the company’s financial results released last week, suggesting the company may have trouble meeting revenue and cost expectations for the rest of the year. The company’s stock price is correlated with the price of gold and, to a lesser extent, the price of copper. Gold 1Y line
