Meta Platforms price target raised to $225 from $150 at JPMorgan

JPMorgan analyst Doug Anmuth raised the firm’s price target on Meta Platforms to $225 from $150 and keeps an Overweight rating on the shares. Coming out of the Q4 results, the analyst continue to believes Meta is "building critical muscle to operate with financial discipline across the company." Meta’s framing of 2023 as the "Year of Efficiency" represents a stark contrast from just three months ago, the analyst tells investors in a research note. The firm expects the company’s "recently-found discipline to drive a stronger and more nimble organization over the long-run, not just for the next 12 months." It says the stock’s valuation remains attractive.