BofA analyst Justin Post raised the firm’s price target on Meta Platforms to $250 from $230 and keeps a Buy rating on the shares ahead of its Q1 results next week. The firm notes that its ad checks are "mixed", suggesting that Q1 spend decelerated from Q4 but with February improving vs. January. Sensor Tower data also indicate "stable" daily active use trends, with healthy time spent trends for Instagram, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on META:
- Meta Platforms downgraded to Neutral from Buy at New Street
- Why These Simple S&P 500 ETFs Can Outperform This 12.4%-Yielding ETF
- Meta Platforms price target raised to $195 from $190 at TD Cowen
- Website Traffic Hints at Solid Q1 Earnings for These Two Stocks
- Meta Platforms price target raised to $250 from $215 at Piper Sandler