Oppenheimer raised its price target on Meta Platforms (NASDAQ:META) to $260 from $235 and maintained its “outperform” rating on the stock. Meta announced a new round of layoffs of about 10,000 people on Tuesday and will close about 5,000 additional unfilled positions in the past six months. As a result of this news, analysts raised Meta’s earnings before interest, taxes, depreciation and amortization (EBITDA) forecasts for both fiscal 2023 and fiscal 2024 by 12, while raising the company’s earnings forecasts excluding one-time items by 22 and 24 for fiscal 2023 and fiscal 2024, respectively.