Justin Sullivan/Getty Images
- Morgan Stanley upgraded Meta stock to overweight and raised its price target to $250 from $190.
- It cited the company's efficiency, revenue and Reels engagement as contributing factors.
- The new price target represents 25% upside from current levels.
Meta Platforms earned a bullish upgrade and price target increase from Morgan Stanley analyst Brian Nowak.
In a note published Tuesday, he put shares at overweight and lifted his price target to $250 from $190, representing 25% upside from current levels.