Piper Sandler raised the firm’s price target on Meta Platforms (META) to $775 from $670 and keeps an Overweight rating on the shares. The firm notes Meta reported strong Q4 financials with revenue and EBITDA 3% and 7% ahead of expectations. Management sounds energized about core platform improvements plus new AI products, although investment should continue to ramp significantly through 2025. Q1 revenue guidance was slightly below Street but includes a 3% FX headwind, Piper says.
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