Stifel analyst Mark Kelley raised the firm’s price target on Meta Platforms (META) to $740 from $692 and keeps a Buy rating on the shares. Meta reported Q4 revenue and EPS ahead of expectations and delivered Q1 reveneue guidance below the Street, which “we think some folks were expecting,” the analyst tells investors. The firm doesn’t expect the stock to move much post-print, but remains positive on the overall health of the digital ads market, which it argues should drive better-than-expected growth throughout the year.
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