Meta Platforms price target raised to $800 from $780 at Pivotal Research
The Fly

Meta Platforms price target raised to $800 from $780 at Pivotal Research

Pivotal Research analyst Jeffrey Wlodarczak raised the firm’s price target on Meta Platforms (META) to $800 from $780 and keeps a Buy rating on the shares. Meta reported “strong overall better than expected” Q3 results and guidance, including modestly lower than expected Q3 net new family daily active users which was more than offset by 19% revenue growth, the analyst tells investors in a research note. The firm sees a strong revenue growth outlook from increased usage, new products and higher prices boosted by cost efficiencies.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App