UBS analyst Lloyd Walmsley raised the firm’s price target on Meta Platforms to $285 from $235 and keeps a Buy rating on the shares. The analyst’s top idea for 2023 in online advertising remains Meta. The firm sees room for positive estimate revisions in Q1 and increased its estimates to reflect lower costs. Consensus estimates for Meta still look too low, the analyst tells investors in a research note. It has a $350 upside valuation range for the stock.
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Published first on TheFly
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