In a recent analysis report, JPMorgan raised its target price for global tech giant Meta Platforms (formerly Facebook) from $480 to $600. This move reflects JPMorgan's optimistic outlook on Meta's future development prospects. Notably, Meta's recently released second-quarter 2024 financial report showed that the quarter's revenue reached $39.07 billion. Despite the ongoing operating loss of $4.48 billion in its Reality Labs division, which focuses on the metaverse business, the overall performance was still viewed as a positive signal by the market.