UBS Remains Bullish on This Social Media Giant: Read Why

UBS Remains Bullish on This Social Media Giant: Read Why
The META logo on a tablet screen in Moscow, on Nov. 11, 2021. Kirill Kudryavtsev/AFP via Getty Images
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UBS analyst Lloyd Walmsley raised the price target on Meta Platforms Inc. to $300 from $280 and kept a Buy rating on the shares. The price target implies an upside of 29.4 percent.

The impact of the Russia–Ukraine war is more than offset by the company’s lower operating expense estimates.