Meta Platforms’ Price Target Lowered at Oppenheimer
<p>Analysts at Oppenheimer cut their estimates and lowered their price target on <a href='https://financialmodelingprep.com/financial-summary/FB'>Meta Platforms, Inc. (NASDAQ:FB) </a>to $305 from $375, while reiterating their Outperform rating.</p>
<p>This move reflects impacts from Russia (no longer accepting ads from Russian advertisers, which represented 1.5% of 2021 ad revenue), and a weaker European economy.</p>
<p>The analysts lowered their Q1 revenue estimate 4% to the low end of guidance, with core EBITDA 6% lower. 2022/2023 revenues were decreased by 9% each and core EBITDA by 13%/10%.</p>

NASDAQ:FB