Facebook-parent Meta Platforms ( META ) took a painful gut punch last year after Apple ( AAPL ) changed its privacy policies. But those troubles have eased for Meta stock, leading to an improved outlook for 2023, according to one analyst. "We are looking at a scenario in which Meta will have more or less ramped ad products to replace the lost revenue following Apple’s privacy moves, previously pegged at about $10 billion," Credit Suisse analyst Stephen Ju wrote in a note to clients. Ju raised his price target on Meta stock to 180 from 145 and maintained a rating of outperform. Meta lost roughly $10 billion in ad revenue last year after Apple changed privacy policies for the iPhone. That change made it more difficult to accurately target users with ads. But with technology improvements made by the company with its advertising strategy approach, Ju expects to see "gradual improvements to Meta’s revenue dollar growth." Meta stock dropped 1.2% to close at 141.50 on the stock market today . Meta Stock: A Less Optimistic View Monness Crespi Hardt analyst Brian White also issued a Meta report Wednesday, but was less optimistic. "Meta faced a host of headwinds in […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
