BofA raised the firm’s price target on Meta Platforms (META) to $765 from $710 and keeps a Buy rating on the shares. A “solid” Q4 and “healthy” revenue commentary should “maintain AI optimism,” the analyst tells investors in a post-earnings note. Meta guided FY25 expenses at $114B-$119B, above the Street at $111B, but the firm notes that Meta has “a history of guiding conservatively” and lowering spend in slower growth years.
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