Meta Platforms price target raised to $285 from $260 at Tigress Financial

Tigress Financial analyst Ivan Feinseth raised the firm’s price target on Meta Platforms to $285 from $260 and keeps a Strong Buy rating on the shares following the company’s recent quarterly report and announcement of an additional $40B share repurchase authorization. User growth and increasing investments in AI for better user feeds optimization will drive increased user engagement, helping Meta continue to outperform social media and online advertising peers, the firm contends.