Meta Platforms

Wells Fargo raised its price target on Meta Platforms (NASDAQ:META) to $280 to maintain its overweight rating

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Wells Fargo raised its price target on Meta Platforms (NASDAQ:META) to $280 from $250 and maintained its overweight rating on the stock. The bank noted that Meta has strengthened its commitment to improving organizational efficiency, announcing the layoff of about 10,000 employees during 2023 and lowering its operating expenditure guidance for 2023 to $86 billion … Read more

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

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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 … Read more

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

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Truist analyst Youssef Squali will raise its price target on Meta Platforms (NASDAQ:META) to $230 from $215 and maintain a buy rating on the stock. The analyst noted that the company’s second round of layoffs, which affects 10,000 jobs, will result in annualized cost savings of $2.5 billion to $3.5 billion and should start having … Read more

Mizuho Raised Meta Platforms (NASDAQ:META) price target to $235 Maintain Buy rating

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Mizuho raised its price target on Meta Platforms (NASDAQ:META) to $235 from $210 and maintained a buy rating on the stock as a go-to stock. The analyst told investors in a research note that Meta continued to deliver on its promise of an “efficiency year,” announcing another round of restructuring that reduced operating costs by … Read more

Cowen raised Meta Platforms(NASDAQ:META) price target to $190 from $175

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TD Cowen analyst John Blackledge described Meta Platforms(NASDAQ:META) raised its price target to $190 from $175 and maintained its “outperform” rating. “They disclosed updates to employees on the company’s 23 efficiency programs; The plan calls for 10,000 job cuts and the elimination of 5,000 open positions, and we updated our model to reflect the new … Read more

UBS: reiterated Meta Platforms (NASDAQ:META) Buy Rating with a $235 price target

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UBS reiterated its Buy rating on Meta Platforms (NASDAQ:META) with a price target of $235 and continued to rank the stock as the “best option,” with a $3 billion operating cost cut combined with a $3 billion restructuring charge to reduce core operating costs by $6 billion in 2023 and approximately $8 billion in operating … Read more

Oppenheimer raised its price target on Meta Platforms (NASDAQ:META) to $260 from $235

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Oppenheimer raised its price target on Meta Platforms (NASDAQ:META) to $260 from $235 and maintained its “outperform” rating on the stock. Meta announced a new round of layoffs of about 10,000 people on Tuesday and will close about 5,000 additional unfilled positions in the past six months. As a result of this news, analysts raised … Read more