UBS reiterated a Buy rating on Meta Platforms and said the stock remains the firm’s favorite name in Internet as both an estimate revision and multiple expansion story. UBS, which also reiterated Meta as a Top Pick, sees potential for higher EPS driven by further cost reductions as well as improving top line growth, and says recent data points increase confidence in the likelihood of the firm’s bull case, which it shows as $331/share.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on META:
- Meta Platforms price target raised to $235 from $220 at Oppenheimer
- Meta’s Oversight Board upholds decision in ‘Sri Lanka pharmaceuticals’ case
- Meta’s Oversight Board to review handling of election content in Brazil
- Meta Platforms Stock (NASDAQ:META): An AI Underdog You Can’t Count Out
- Invest in Wide-Moat Stocks with This ETF