Meta Platforms price target raised to $410 from $320 at Barclays

Barclays analyst Ross Sandler raised the firm’s price target on Meta Platforms to $410 from $320 and keeps an Overweight rating on the shares following last night’s results. Meta “continues to impress” with revenue accelerating fairly significantly, the best product cadence in years, and lean efficiency driving margins higher, the analyst tells investors in a research note. The firm says investors will likely see a few more upward revision quarters like this, making the stock’s risk/reward “more favorable than most.”