Here's Why Stifel Is Bullish On Meta

February 1, 2022 5:57 AM | 1 min read |

Stifel analyst Mark Kelley resumed coverage of Meta Platforms Inc FB with a Buy rating and $400 price target.
The price target implies an upside of 32.6%.
The analyst is optimistic on the stock, particularly Reels and Commerce, despite the constant "drumbeat" of critical press, Kelley tells investors in a research note.
He thinks the increased transparency around Facebook Reality Labs is a positive but also doesn't think the initial goal of reaching 1 billion metaverse users is a stretch.
Price Action: FB shares traded higher by 0.07% at $313.49 in the premarket session on the last check Tuesday.

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