Meta Platforms price target lowered to $530 from $590 at TD Cowen

TD Cowen analyst John Blackledge lowered the firm’s price target on Meta Platforms to $530 from $590 and keeps a Buy rating on the shares. The firm said they vposted a solid Q1 result but Q2 guidance wa sa bit light and noted management also raised capex and opex guidance, reflecting ramping AI infra investments.