Evercore ISI raised the firm’s price target on Meta Platforms to $350 from $305 and keeps an Outperform rating on the shares. The company reported a "beat and raise" Q1, with the sales upside driven by an "impressive acceleration" in advertising revenue, the analyst tells investors in a research note. The firm says the stock’s valuation is "still cheap" despite the almost 100% rally year-to-date. Meta remains Evercore’s top internet long idea.
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