Piper Sandler Maintains Overweight on Meta Platforms, Raises Price Target to $415
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Thomas Champion has maintained an Overweight rating on Meta Platforms (NASDAQ:META) and increased the price target from $355 to $415, indicating a positive outlook on the company's stock.
January 17, 2024 | 3:37 pm
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Piper Sandler's analyst Thomas Champion reaffirmed an Overweight rating on Meta Platforms and raised the price target to $415, suggesting confidence in the company's future performance.
The increase in price target by Piper Sandler is a strong vote of confidence in Meta Platforms' prospects, likely leading to increased investor optimism and a potential short-term rise in the stock price. Analyst ratings and price target adjustments are significant drivers of market sentiment and can influence investor behavior, especially when they come from reputable firms.
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