JMP Securities Maintains Market Outperform on Meta Platforms, Raises Price Target to $410
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Andrew Boone has reaffirmed a 'Market Outperform' rating on Meta Platforms (NASDAQ:META) and increased the price target from $380 to $410.
January 19, 2024 | 4:51 pm
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POSITIVE IMPACT
JMP Securities analyst has maintained a positive outlook on Meta Platforms, raising the price target to $410, indicating a potential upside from the current trading level.
The increase in price target by JMP Securities is a strong vote of confidence in Meta Platforms' future performance. Such analyst upgrades typically lead to positive short-term market sentiment and can result in an increase in the stock price as investors adjust their valuations to align with the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100