Cantor Fitzgerald raised the firm’s price target on Meta Platforms (META) to $790 from $720 and keeps an Overweight rating on the shares. Meta’s Q4 revenue and GAAP EPS ex-legal benefit came in 3% and 9% above Street estimates, respectively, and on the call, the company outlined several initiatives aimed at driving engagement and monetization gains across Family of Apps, that should benefit revenue growth noticeably over the next few quarters, the analyst tells investors in a research note. There is a lot to like on Meta’s fundamental outlook for 2025, but the firm notes that elevated opex likely pressured buyside FY25 EPS estimates following the Q4 results despite strong top-line trends.
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