Meta Platforms (META) to reduce team size by around 10,000 people and to close around 5,000 additional open roles

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Go back to Meta Platforms (META) to reduce team size by around 10,000 people and to close around 5,000 additional open roles

Meta Platforms Inc. (META) PT Raised to $305 at Evercore ISI 'Based on META’s reduced Totex guidance (Total Expenses)'

March 14, 2023 11:29 AM EDT

Evercore ISI analyst Mark Mahaney raised the price target on Meta Platforms Inc. (NASDAQ: META) to $305.00 (from $275.00) while maintaining a Outperform rating.

The analyst comments "Based on METAs reduced Totex guidance (Total Expenses), we are raising our FY23 EBITDA by 4% to... More