Barclays Maintains Overweight on Meta Platforms, Raises Price Target to $550
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ross Sandler has maintained an Overweight rating on Meta Platforms (NASDAQ:META) and increased the price target from $400 to $550.
February 02, 2024 | 1:24 pm
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Barclays has maintained an Overweight rating on Meta Platforms and raised the price target from $400 to $550.
The upgrade in the price target by a significant margin suggests a strong bullish outlook on Meta Platforms by Barclays. This is likely to instill confidence among investors, potentially leading to a short-term increase in the stock price as market sentiment aligns with the analyst's positive forecast.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100