Morgan Stanley analyst Brian Nowak reiterated an Overweight rating on Meta Platforms, Inc (NASDAQ:META) with a price target of $375.
The analyst sees continued top and bottom-line upward revisions driving upside and multiple expansions from current trading levels.
The extent to which META can grow its ad revenue even faster (through core and Reels) could lead to even more upside and ~$20 of EPS. This faster growth could bring ~40% upside into play.