Barclays lowered the firm’s price target on Meta Platforms (META) to $640 from $705 and keeps an Overweight rating on the shares following the Q1 report. “There are plenty of things to worry about in the world, but META’s resilience is not one of them,” the analyst tells investors in a research note. The firm says the company continues to gain share and invest aggressively. While it reduced estimates for trends that haven’t yet materialized, Barclays sleeps “well at night recommending” Meta shares.
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