Wells Fargo raised the firm’s price target on Meta Platforms to $280 from $250 and keeps an Overweight rating on the shares. Meta enhanced its commitment to increased org efficiency, announcing an incremental 10K headcount reduction over the course of 2023 and lowering 2023 OpEx guide to $86B-$92B from $89B-$95B prior, the firm notes.
Published first on TheFly
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