Jefferies analyst Brent Thill raised the firm’s price target on Meta Platforms to $225 from $175 and keeps a Buy rating on the shares, arguing that the company’s Q4 results "should fuel the bull case" given that the 5% reduction in the low end of the FY23 total expense guidance "suggests significant EPS upside." Meta’s comps become increasingly easy, giving the firm conviction that revenue growth and profitability will improve throughout the year and prompting Jefferies to raise its FY23 EPS estimate by 26% to $10 with room seen for "additional EPS upside."
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on META:
- Analysts Praise META Results – Stock is Up 20%
- Meta Platforms price target raised to $220 from $170 at Canaccord
- Meta Platforms price target raised to $210 from $150 at JMP Securities
- Meta Platforms price target raised to $250 from $165 at Wells Fargo
- Meta Platforms price target raised to $215 from $160 at Truist