Meta cuts 11,000 jobs as it sinks more money into the metaverse

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Citi Sees Meta Platforms Inc. (META) 2023 GAAP EPS at $8.80

November 9, 2022 3:16 PM EST

Citi analyst Ronald Josey reiterated a Buy rating and $168.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst comments "Earlier today Meta announced a 13% RIF, lowered its 2023 opex outlook by $1.5B at the midpoint to $94-100B and tightened its... More