Meta Platforms price target raised to $210 from $130 at Guggenheim

Guggenheim analyst Michael Morris raised the firm’s price target on Meta Platforms to $210 from $130 and keeps a Buy rating on the shares. Q4 results included revenue toward the high end of guidance and core operating margin "well ahead" of consensus estimates, while the midpoint of Q1 revenue guidance was in line with consensus, the firm noted. In addition, revised 2023 operating expense guidance of $89B-$95B was below consensus and Meta management "hammered home a view that a more efficient structure and operating approach will generate greater profitability," the analyst tells investors.