Meta Platforms
On Sept 24th, JPMorgan raised its price target for Meta Platforms to $920 from $820 while maintaining its Overweight rating, Citigroup also maintained its Buy rating and $800 12 month price target.
The two targets show continued analyst confidence in Meta, with JPMorgan taking the more bullish view. Its higher target follows Meta’s recent AI product developments, while Citigroup has pointed to the company’s Connect event as a potential catalyst. Investors will be watching whether that product momentum translates into sustained revenue growth.
In addition, yesterday, Jefferies raised its Meta price target by approximately 23% to $875 while maintaining a Buy rating, and Bank of America maintained its Buy rating with an $810 target.
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