Cantor Fitzgerald raised the firm’s price target on Meta Platforms (META) to $680 from $670 and keeps an Overweight rating on the shares. Meta’s Q3 revenues and EPS beat Street estimates by 1% and 16%, respectively, driven in part by lower legal costs quarter over quarter, the analyst tells investors in a research note. Meta also noted online commerce as a strong category in Q3, which bodes well for Pinterest (PINS), but the limited upside the firm saw on Meta’s results tempers Cantor’s excitement.
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