Piper Sandler raised the firm’s price target on Meta Platforms to $415 from $355 and keeps an Overweight rating on the shares. The firm says Street revenue and EBITDA can probably move higher through 2024, and with Piper also expecting a slight guide-down to FY24 capex and opex. The firm’s checks were again positive, especially Advantage+. Further, Piper expects Q1 guidance to bracket $33.5B-$36.0B.
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