The analyst also raised his price target to $150 a share from $115, which gives META stock implied upside of about 24% in the next 12 months or so.Īnd Anmuth is hardly alone in his ardor for the Facebook parent. 'eading into 2023, we believe some of these top- and bottom-line pressures will ease, and most importantly, Meta is showing encouraging signs of increasing cost discipline, we believe with more to come,' Anmuth writes in a note to clients. Stocks get beaten down beyond reason when emotions overwhelm a focus on the fundamentals.Īnmuth, and many of his colleagues on the Street, say that the above is indeed the case with META stock.
Selloffs are frequently overdone, after all.
