Meta (FB) Stock: $350 Price Target And Outperform Rating - Pulse 2.0

The shares of Meta Platforms Inc (NASDAQ: FB) have received a $350 price target from Evercore ISI. And Evercore ISI analyst Mark Mahaney added Meta Platforms assigned the company an “Outperform” rating.
Mahaney adjusted the rating upon adding Meta Platforms to the “TAP Underperform” list ahead of earnings from the large-cap Internet group based on a view that Wall Street’s revenue estimates for the first half of the fiscal year are overly aggressive. And Mahaney cited forex headwinds, potential brand ad spending pullback in Europe, limited-to-date Reels monetization, tough comps in the second quarter, and a lengthy timetable until a post-privacy ad attribution model is fully deployed to support the view.
But Mahaney views the setup for the second half as attractive and would be a buyer with a longer-term outlook post what he predicts will be a near-term pullback on the EPS print. 
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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