Itau BBA analyst Thiago Kapulskis upgraded Meta Platforms to Outperform from Market Perform with a $102 price target. Meta’s current share price “reflects an extremely bear case, where it would be crazily spending forever while being disrupted by Apple and/or TikTok,” Kapulskis tells investors in a research note. “Although potential outcomes are very wide, our value-investing toolkit inclines us to try our luck,” writes the analyst. He says the “right price has finally come” to buy shares of Meta Platforms.