Meta Platforms price target raised to $275 from $170 at Evercore ISI

Evercore ISI analyst Mark Mahaney raised the firm’s price target on Meta Platforms to $275 from $170 and keeps an Outperform rating on the shares. The company reported "beat and raise" Q4 results against fears that advertising revenue outlooks would have to be cut, the analyst tells investors in a research note. The firm believes Meta shares deserve to be up 20% post the quarter as earnings estimates "are going up a lot."