UBS analyst Lloyd Walmsley raised the firm’s price target on Meta Platforms to $235 from $158 and keeps a Buy rating on the shares. The firm sees room for gains in Meta shares driven by estimate revisions and multiple re-rating, the analyst tells investors in a research note. The firm is modeling acceleration to 10% in 4Q23 and 12% in 2024, but sees scope for faster growth and expects more cost cuts.
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Published first on TheFly
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