Morgan Stanley Maintains Overweight on Meta Platforms, Raises Price Target to $375
Portfolio Pulse from jenniferd'souza@benzinga.com
Morgan Stanley analyst Brian Nowak has maintained an 'Overweight' rating on Meta Platforms (NASDAQ:META) and raised the price target from $350 to $375.
July 27, 2023 | 1:12 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an 'Overweight' rating on Meta Platforms and raised the price target from $350 to $375, indicating a positive outlook for the company.
The 'Overweight' rating maintained by Morgan Stanley indicates that they believe Meta Platforms will outperform the market. The increase in the price target from $350 to $375 suggests that they expect the stock price to rise in the short term. This is likely to have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100