Baird analyst Colin Sebastian raised the firm’s price target on Meta Platforms to $220 from $205 and keeps an Outperform rating on the shares. The analyst noted the company’s announcement of additional layoffs and said the fast pace of change is consistent with Mark Zuckerberg/Meta’s operating philosophy. We also highlight the increasing role of AI in generating productivity, operating efficiency, and product development.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on META:
- Raymond James Pounds the Table on Meta Stock
- Meta Platforms price target raised to $260 from $235 at Oppenheimer
- Meta Platforms price target raised to $260 from $228 at Citi
- Meta Platforms price target raised to $230 from $220 at BofA
- Meta Platforms price target raised to $238 from $220 at Raymond James