Wedbush Maintains Outperform on Meta Platforms, Raises Price Target to $420
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Scott Devitt has maintained an Outperform rating on Meta Platforms (NASDAQ:META) and increased the price target from $350 to $420, indicating a positive outlook on the company's stock.
December 27, 2023 | 1:51 pm
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POSITIVE IMPACT
Wedbush analyst Scott Devitt maintains an Outperform rating on Meta Platforms and raises the price target to $420, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's growth prospects and financial health. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price as the market reacts to the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100