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- The major Swiss bank UBS reiterated a Buy on Meta Platforms Inc (NASDAQ:FB) with a price target of $280.
- The price target implied an upside of 27.5%.
- It's time to talk about the monetization of the video format Reels, noted analyst Lloyd Walmsley.
- Walmsley admitted that users' time on platforms like Instagram is likely to increase significantly.
- As far as the revenue of the Facebook group is concerned, this is promising.
- The newsfeed changes and Reelz will likely drive higher monetization.
- Price Action: FB shares traded higher by 0.11% at $219.83 on the last check Friday.