- The shares of Meta Platforms Inc (NASDAQ: META) have received a $233 price target from BofA. These are the details.
The shares of Meta Platforms Inc (NASDAQ: META) have received a $233 price target from BofA. And BofA analyst Justin Post is maintaining a “Buy” rating on the shares.
Post noted that after Meta announced a number of new monetization features and extended the company’s prior pledge to not charge a commission from Creators on Facebook and Instagram platforms by another year until 2024. And Post estimated that the delay in commission collection has less than a 1% impact on Meta’s 2023 revenues.
Going forward, Post would not expect the announcement to apply to advertising revenues related to Reels or other video products.
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