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Meta Platforms (META) ad revenue could return to modest growth by end of 2023 - Edward Jones

March 20, 2023 8:36 AM EDT

Meta Platforms (NASDAQ: META) was upgraded to Buy from Hold by Edward Jones analyst David Heger on Monday after the tech giant reduced its expense expectations.

"Meta is notably reducing its previous expense expectations, addressing our concerns about especially heavy spending on its metaverse... More