Meta Platforms (META:NSD) Jefferies bullish with target hike to $175

Analyst Coverage Change

On January 30th,  Jefferies & Company issued a research report on Meta Inc. maintaining Meta Inc. with a recommendation of “Buy” the rating for the  security. The original target price was $155 and it has now been increased to $175.

Recent Analyst Ratings

  • On January 26, 2023, RBC raised its target price to $160, and maintained a neutral rating for the security.
  • Also on January 26, 2023, Piper Jaffray Companies maintained its neutral rating for the security and increased its target price from $116 to $136.
  • On January 25, 2023, STA Research increased its target price to $160 and maintained a buy rating for the security.
  • On January 25, 2023, Credit Suisse Group maintained its outperform rating and increased its target price from $145 to $180.
  • On January 20, 2023, MKM Partners maintained its buy rating and increased its target price from $140 to $155.
  • On January 18, 2023, Morgan Stanley & Co. maintained its equal-weight rating and increased its target price from $100 to $130.

Meta Stock Forecast & Analysis

The target price for Meta Platforms Inc. provided by 45 analysts is $157.26, with an average analyst rating of “Strong Buy”. The company has been rated as “Bullish” by Stock Target Advisor, with 10 positive signals and 4 negative signals. The stock price of Meta Platforms Inc. closed at $151.74 and has seen positive changes recently, including a 8.88% increase over the past week and a 1,132.66% increase over the last year.

About Meta Inc.

Meta Platforms, Inc. is a technology company that specializes in developing products that allow people to connect and share with their friends and family through various devices. Their offerings include mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices, which are available worldwide.

The company operates in two distinct business segments: Family of Apps and Reality Labs. The Family of Apps segment offers a suite of products designed to help people connect with their interests and others, including Facebook, Instagram, Messenger, and WhatsApp. Facebook is a social networking platform that enables users to share their interests, discover new content, and connect with friends and family. Instagram is a photo and video sharing platform that allows people to share images and videos with their followers, as well as send private messages. Messenger is a messaging application that enables users to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms. WhatsApp is a messaging application that is used by both individuals and businesses to communicate and transact privately.

The Reality Labs segment provides augmented and virtual reality related products, including virtual reality hardware, software, and content. These products are designed to help people feel connected, anytime and anywhere. The virtual reality hardware and software provide an immersive experience for users, while the content offers various interactive and engaging experiences.

Meta Platforms, Inc. was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. The company was founded in 2004 and is headquartered in Menlo Park, California.

 

 

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