Barclays raised the firm’s price target on Meta Platforms to $320 from $270 and keeps an Overweight rating on the shares. The company’s financial performance and overall execution means that the shares "have plenty of room to run," the analyst tells investors in a research note. The firm says $20 in earnings per share is now "in sight" following last night’s Q1 results.
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 Insiders’ Hot Stocks on TipRanks >>
Read More on META:
- Meta (NASDAQ:META) on an Uptrend Again; What’s Ahead?
- User Growth Makes Meta Platforms Stock (NASDAQ:META) a Head-Turner
- Meta Platforms says FX a headwind to advertising growth in international markets
- Senators debut bipartisan legislation to keep kids under 13 off social media
- Meta Platforms seeing ‘growing momentum’ in products and business