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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on META:
- Meta Platforms price target raised to $300 from $250 at Morgan Stanley
- Meta Platforms price target raised to $305 from $270 at JPMorgan
- Meta Platforms price target raised to $300 from $250 at BofA
- Meta Platforms price target raised to $277 from $251 at Credit Suisse
- Meta Platforms price target raised to $280 from $235 at Mizuho