Meta Platforms price target raised to $750 from $675 at Mizuho

Mizuho raised the firm’s price target on Meta Platforms (META) to $750 from $675 and keeps an Outperform rating on the shares following the Q4 report. Meta reported guidance in line with expectations for both revenue and spending, but management struck a “very optimistic tone” on product development and monetization for MetaAI, Llama, and smart glasses, the analyst tells investors in a research note. Furthermore, the company sounded constructive on government support, which should accelerate innovation and mitigate regulatory risks, contends Mizuho. The firm remains constructive on the stock long term.