Citigroup Maintains Buy Rating for Meta Platforms: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Buy rating for Meta Platforms (NASDAQ:META) and increased its price target from $315.00 to $360.00. Despite this, Meta's shares have fallen by 0.88% over the last 24 hours, currently trading at $284.53 per share. A move to $360.00 would represent a 26.52% increase from the current share price.
June 28, 2023 | 5:01 pm
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Citigroup's maintained Buy rating and increased price target for Meta Platforms could potentially boost investor confidence, despite the recent 0.88% drop in share price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. Citigroup's decision to maintain a Buy rating and increase the price target for Meta Platforms indicates a positive outlook for the company, which could potentially offset the recent drop in share price and drive it upwards.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100