Stifel raised the firm’s price target on Meta Platforms to $280 from $230 and keeps a Buy rating on the shares. Meta delivered a solid Q1 and the revenue outlook for Q2 calls for a return to double-digit growth at the high end of the range, with acceleration exhibited across all regions in Q1, the analyst tells investors in a research note. In addition, the company believes it is no longer behind the curve on building out its artificial intelligence infrastructure footprint, adds the firm. It sees "not much to pick at" in Meta’s Q1 report.
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