TD Cowen analyst John Blackledge raised the firm’s price target on Meta Platforms to $590 from $500 and keeps a Buy rating on the shares. The firm raised their 1Q24 and 2024-2029 revenue estimates by 1%-4% annually given a positive Digital ad check and their 1Q24 survey data which implies rising Instagram engagement.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- M&A News: GOOGL’s HUBS Acquisition May Spark Antitrust Confrontation
- Pinterest Stock (NYSE:PINS): Growing User Base Doesn’t Tell the Full Story
- Maryland passed two privacy bills to restrict tech platforms, NY Times says
- Tech giants cut corners to harvest data for AI, NY Times reports
- Meta considered buying Simon & Schuster for AI training data, NY Times reports