Tigress Financial analyst Ivan Feinseth reiterated a Strong Buy rating and $466 price target on Meta Platforms Inc. The price target implies an upside of 100 percent.
Near-term headwinds create a significant long-term buying opportunity, Feinseth said.
Meta pressed the reset button during its Q4 conference call, warning of a user growth slowdown and lowering revenue projections while also continuing to ramp up Metaverse spending, Feinseth says, noting that past similar experiences have been a buying opportunity.
The analyst believes further upside in the shares exists.
By Anusuya Lahiri
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