- UBS analyst Lloyd Walmsley raised the price target on Meta Platforms Inc (NASDAQ:FB) to $300 from $280 and kept a Buy rating on the shares. The price target implies an upside of 29.4%.
- The impact of the Russia-Ukraine war is more than offset by the company's lower operating expense estimates.
- Also Read: From 'Facebook' To 'Meta,' 'Facebookers' To 'Metamates' - Mark Zuckerberg Talks About The Future
- While consensus earnings will move down in the "preview season," this is already expected by investors.
- Meta's Instagram Newsfeed changes, improving Reels content, and algo can drive better engagement that he anticipates monetizing later in 2022 and in 2023.
- Stifel also previously expressed its bullishness in Meta for the same reasons.
- Benchmark expressed its concerns regarding Apple Inc's (NASDAQ:AAPL) privacy changes and the metaverse.
- Several Meta employees saddled with underwater stock options looked to depart following its plunging stock prices.
- Price Action: FB shares closed lower by 0.88% at $231.84 on Tuesday.
