- Tigress Financial analyst Ivan Feinseth reiterated a Strong Buy rating and $466 price target on Meta Platforms Inc FB. The price target implies an upside of 100%.
- Near-term headwinds create a significant long-term buying opportunity, Feinseth said.
- Related Content: Meta Platforms (Facebook) Q4 Earnings Takeaways: Big EPS Miss, Revenue Beat, New Ticker
- 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.
- Price Action: FB shares traded lower by 0.09% at $231.80 in the premarket session on the last check Thursday.
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