Meta Platforms (META)
Meta Platforms received two bullish analyst updates, reinforcing a positive Wall Street outlook for the social-media and technology company. Jefferies maintained its Buy rating and raised its price target to $875 from $710, an increase of approximately 23%. Bank of America also updated their coverage and maintained a Buy rating and assigned an $810 target.
The higher targets show that analysts remain constructive on Meta’s earnings outlook and valuation potential. Jefferies’ substantial revision is the more significant call because it increases the potential valuation ceiling for the shares. The two Buy recommendations create a bullish analyst backdrop, although investors should compare the targets with Meta’s current share price, financial performance and technical trend before making an investment decision.
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