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Meta: green after its results, a broker raises its target
(CercleFinance.com) - Meta is up nearly 4% on the Nasdaq, following an impressive quarterly report with 21% year-on-year revenue growth.
Against this backdrop, Jefferies has confirmed its 'buy' recommendation on Meta Platforms, while raising its target price from $715 to $810. Growth forecasts of 11 to 18% (excluding currency effects) in the first quarter suggest that Meta's AI investments in the advertising business will fuel double-digit growth on a large scale", believes the broker. Copyright (c) 2025 CercleFinance.com. All rights reserved. |
14/02/2025 17:10
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