A pedestrian walks in front of the new ‘Meta’ logo in front of Facebook headquarters in Menlo Park, Calif., on Oct. 28, 2021. (Justin Sullivan/Getty Images)
Tigress Financial analyst Ivan Feinseth reiterated a Strong Buy rating and $466 price target on Meta Platforms Inc. The price target implies an upside of 100 percent.
Near-term headwinds create a significant long-term buying opportunity, Feinseth said.
Meta pressed the reset button during its Q4 conference call, warning of a user growth slowdown and lowering revenue projections while also continuing to ramp up Metaverse spending, Feinseth says, noting that past similar experiences have been a buying opportunity.
The analyst believes further upside in the shares exists.
By Anusuya Lahiri
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.
Follow
A pedestrian walks in front of the new ‘Meta’ logo in front of Facebook headquarters in Menlo Park, Calif., on Oct. 28, 2021. (Justin Sullivan/Getty Images) Tigress Financial analyst Ivan Feinseth reiterated a Strong Buy rating and $466 price target on Meta Platforms Inc. The price target implies an upside of 100 percent. Near-term headwinds create a significant long-term buying opportunity, Feinseth said. Meta pressed the reset button during its Q4 conference call, warning of a user growth slowdown and lowering revenue projections while also continuing to ramp up Metaverse spending, Feinseth says, noting that past similar experiences have been a buying opportunity. The analyst believes further upside in the shares exists. By Anusuya Lahiri © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved. Follow