Meta Platforms price target raised to $510 from $500 at Roth MKM

Roth MKM raised the firm’s price target on Meta Platforms to $510 from $500 and keeps a Buy rating on the shares. The stock fell afterhours despite a Q1 earnings beat and a Q2 guidance that bracketed consensus estimates, the analyst tells investors in a research note. Investor expectations were fairly high heading into earnings, Roth MKM adds, though the firm also believes that Meta shares should be bought on weakness.