(CercleFinance.com) – Wells Fargo announced Thursday that it has raised its price target on Meta Platforms from $165 to $250, while renewing its ‘overweight’ recommendation on the stock.
From the American broker’s point of view, the Menlo Park (California) group’s fourth quarter publication provided investors with the opportunity to tick all the boxes they were hoping for.
For Wells Fargo, the ex-Facebook indeed manages to stabilize the growth of its activity, while its forecasts of operating costs and investment expenditure have been revised downwards.
At the same time, the management team remains focused on issues relating to business efficiency, he continues, while the start of Reels as the latest content monetization initiatives seems well underway.
Copyright © 2023 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.
