BofA analyst Justin Post raised the firm’s price target on Meta Platforms to $230 from $220 and keeps a Buy rating on the shares after the company announced another round of layoffs. The firm expects some impact on revenues from layoffs, and with financial sector pressures is modestly lowering revenue estimates. BoA added that it continues to see better EPS stability with Meta compared to the rest of the sector.
Published first on TheFly
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