JPMorgan analyst Doug Anmuth raised the firm’s price target on Meta Platforms to $305 from $270 and keeps an Overweight rating on the shares. Meta’s Q1 report shows the company’s commitment to cost discipline while driving accelerating near-term revenue growth and also continuing to invest in longer-term transformational technologies like artificial intelligence and the metaverse, the analyst tells investors in a research note. The firm says the Meta story is pivoting to revenue growth with acceleration at the high-end of the Q2 outlook.
Published first on TheFly
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