JMP Securities analyst Andrew Boone raised the firm’s price target on Meta Platforms (META) to $660 from $635 and keeps an Outperform rating on the shares. Meta’s Q3 earnings were solid, with revenue 2% above consensus and Q4 guidance at the midpoint 1% above consensus, the analyst tells investors in a research note. AI is making content more relevant and engaging while usage continues to shift to short-form video, the firm says.
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