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Benzinga
Benzinga
Business
Anusuya Lahiri

Here's Why Tigress Financial Is Bullish On Facebook Parent Meta

Meta Facebook Tigress Financial FB Ivan Feinseth Metaverse (Organization)
  • Tigress Financial analyst Ivan Feinseth reiterated a Strong Buy rating and $466 price target on Meta Platforms Inc (NASDAQ:FB). The price target implies an upside of 100%.
  • Near-term headwinds create a significant long-term buying opportunity, Feinseth said. 
  • Related Content: Meta Platforms (Facebook) Q4 Earnings Takeaways: Big EPS Miss, Revenue Beat, New Ticker
  • Meta pressed the reset button during its Q4 conference call, warning of a user growth slowdown and lowering revenue projections while also continuing to ramp up Metaverse spending, Feinseth says, noting that past similar experiences have been a buying opportunity. 
  • The analyst believes further upside in the shares exists.
  • Price Action: FB shares traded lower by 0.09% at $231.80 in the premarket session on the last check Thursday.
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