Mizuho raised the firm’s price target on Meta Platforms to $280 from $235 and keeps a Buy rating on the shares. The biggest surprise in the company’s Q1 report is that pricing growth has reversed its decelerating trend over the past six quarters as monetization improved for Reels and Messaging-Ads, the analyst tells investors in a research note. Furthermore, advertising volume per daily active user accelerated three points sequentially, indicating positive engagement on the platform, says the firm. It keeps Meta as a top pick.
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Published first on TheFly
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