Pinkspider
01-24 12:28

Jefferies reiterated a Buy rating on $META and maintained its price target at $715. They wrote: "Expectations for META are reasonable, up 4% since Q3 vs. AMZN +24% & GOOGL +17%. While we see potential near-term downside to FCF estimates as META delivers initial FY25 Capex & Total Expense guides, we believe this would likely be a bottom and that there will be strong returns from these investments. Our ad checks remain bullish on META, and our conversations with teens indicate that TikTok's ban is driving them to IG Reels. Reiterate Buy, PT $715 = 24x our FY26 EPS."

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