Mizuho analyst Lloyd Walmsley lowered the firm’s price target on Meta Platforms (META) to $815 from $925 and keeps an Outperform rating on the shares following the Q3 report. The firm sees the stock “entering near-term purgatory” as management “backs away from investment guardrails.” However, Mizuho does not believe it makes sense to negatively capitalize all of these investments and continues to like shares longer-term.
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