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Meta (META) price target raised at Tigress as platforms drive for increased user engagement

February 10, 2023 12:15 PM EST

Tigress Financial reiterated a Strong Buy rating on Meta Platforms (NASDAQ: META) and raised their price target on the stock to $285.00 (From $260.00) after the social media company announced an additional $40 billion share repurchase plan.

META continues to return its excess cash and cash flow to shareholders through ongoing share repurchases, having repurchased a total of close to $28 billion in 2022, including close to $7 billion in the most recent quarter. As of... More