Canaccord raised the firm’s price target on Meta Platforms to $280 from $260 and keeps a Buy rating on the shares. The analyst said we continue to view the current valuation as reasonable and expect a combination of improving Reels monetization, enhanced AI capabilities, ongoing efficiency gains, and easier comps to support upward estimate revisions and multiple expansion over time.
Published first on TheFly
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- Meta Platforms price target raised to $300 from $250 at Morgan Stanley
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