Meta Platforms price target raised to $350 from $280 at Mizuho

Mizuho raised the firm’s price target on Meta Platforms to $350 from $280 and keeps a Buy rating on the shares. The analyst believes Meta’s setup into earnings “appears favorable despite positive investor expectations.” Channel checks with advertising agencies indicate Q2 was inline to better, and the inflection in pricing is poised to drive revenue growth into double digits in the second half of the year, the analyst tells investors in a research note. Furthermore, the firm expects Meta to gain share as advertisers are having reservations about TikTok due to the indefinite delay of a CFIUS settlement.