Stifel Raised Meta Platforms (NASDAQ:META) price target to $230 Maintain Buy rating

Stifel analyst Mark Kelley will raise its price target on Meta Platforms (NASDAQ:META) to $230 from $210 and maintain a buy rating on the stock after the company released an 8-K filing detailing a new round of work and cost-cutting measures. The analyst told investors in a research note that he lowered his total spending on Meta for 2023 and 2024; Given that the vast majority of these changes will occur in April and May, some degree of disruption is expected, so the revenue growth assumptions have been slightly downgraded.

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