Evercore Reiterates Outperform on Meta Platforms (META) Ahead of Earnings

Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks in Focus on Wall Street. On Janaury 26, Evercore ISI analyst Mark Mahaney reiterated an Outperform rating on the stock with an $875.00 price target. The rating affirmation comes ahead of the company’s fourth-quarter earnings report, due on January 28. The firm anticipates that Meta will post a modest earnings beat for the fourth quarter, while issuing guidance broadly in-line with expectations. However, it noted potential risk to Wall Street’s 20 ...