Meta Platforms price target raised to $250 from $165 at Wells Fargo

Wells Fargo analyst Brian Fitzgerald raised the firm’s price target on Meta Platforms to $250 from $165 and keeps an Overweight rating on the shares. The firm views Meta’s Q4 report/commentary as checking key boxes for investors, as revenue growth is stabilizing, CapEx/OpEx guided lower, management appears focused on efficiency, and Reels engagement and monetization efficiency ramp are on track.