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Here’s Why Tigress Financial Is Bullish on Facebook Parent Meta

A pedestrian walks in front of the new ‘Meta’ logo in front of Facebook headquarters in Menlo Park, Calif., on Oct. 28, 2021. (Justin Sullivan/Getty Images)

Tigress Financial analyst Ivan Feinseth reiterated a Strong Buy rating and $466 price target on Meta Platforms Inc. The price target implies an upside of 100 percent.

Near-term headwinds create a significant long-term buying opportunity, Feinseth said.

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.

By Anusuya Lahiri

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

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