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Meta Platforms price target raised to $230 from $215 at Truist
The Fly

Meta Platforms price target raised to $230 from $215 at Truist

Truist analyst Youssef Squali raised the firm’s price target on Meta Platforms to $230 from $215 and keeps a Buy rating on the shares. The analyst cites the company’s second round of job cuts impacting 10K positions that will lead to $2.5-$3.5B in annualized saving and should start positively impacting profitability in the second half of this year. Truist adds that this move is a "welcome development" given the environment where growth has materially slowed and where forward visibility remains "hazy".

Published first on TheFly

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