Wolfe Research analyst Deepak Mathivanan raised the firm’s price target on Meta Platforms to $300 from $260 and keeps an Outperform rating on the shares. The company’s Q1 results and Q2 guidance came in above consensus, the analyst tells investors in a research note. The demand environment is stable while Meta’s progress on growth initiatives is driving "nice re-acceleration" in 2023, says the firm. The stock remains the firm’s "Wolfe Alpha List Top Pick."
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