Meta Platforms price target raised to $875 from $800 at Pivotal Research

Pivotal Research analyst Jeffrey Wlodarczak raised the firm’s price target on Meta Platforms (META) to $875 from $800 and keeps a Buy rating on the shares. Meta reported “much stronger than expected” Q4 results and “moderately conservative” Q1 revenue and 2025 expense guidance, the analyst tells investors in a research note. The firm believes Meta will end up being the largest beneficiary of its mega internet peers from DeepSeek’s open-source artificial intelligence strategy.