UBS reiterated its Buy rating on Meta Platforms (NASDAQ:META) with a price target of $235 and continued to rank the stock as the “best option,” with a $3 billion operating cost cut combined with a $3 billion restructuring charge to reduce core operating costs by $6 billion in 2023 and approximately $8 billion in operating cost savings in 2024. UBS said this equates to nearly $2.50 in tax-affected earnings per share, while the bank’s forecast for GAAP earnings per share for fiscal 2024 ($13) is higher than consensus expectations.