Over 4 in 5 Americans report using a Meta app daily—and those figures could soar if TikTok gets booted

Good morning. With Meta set to report Q1 earnings on Wednesday, Fortune spoke with a top analyst to get a better sense of what investors may be looking for in the firm’s latest quarterly report. In a recent note to investors, Scott Devitt of Wedbush Securities, while keeping his outperform rating on Meta, raised his price target to $570 from $520, while also noting that Meta provided notably strong forward guidance for Q1. It’s a forecast bolstered by the company’s strength in digital advertising and more internet users turning to...