Piper Sandler raised the firm’s price target on Meta Platforms to $600 from $525 and keeps an Overweight rating on the shares. The firm continues to see upside to numbers and remains a buyer despite the strong run in the stock. Piper forecasts $35.7B in Q1 revenue and $19.8B in EBITDA. Its checks were again positive, driven by Advantage+ and specifically Shopping. The firm sees impressions roughly in-line with Q4 2023 pricing roughly flat year-over-year.
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