Meta Platforms (META) stock gains 6% on slashed expenses forecast; Expects to cut 10,000 jobs

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. META
2. TSLA
3. IBM
4. TXN
5. SAP
6. CSX
7. LRCX
8. LVS
9. QGEN
10. SPY

Go back to Meta Platforms (META) stock gains 6% on slashed expenses forecast; Expects to cut 10,000 jobs

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