UBS Maintains Buy on Meta Platforms, Raises Price Target to $530
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Lloyd Walmsley maintains a Buy rating on Meta Platforms (NASDAQ:META) and raises the price target from $425 to $530.
February 02, 2024 | 6:54 pm
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POSITIVE IMPACT
UBS analyst Lloyd Walmsley maintains a Buy rating on Meta Platforms and raises the price target from $425 to $530.
The increase in the price target by a reputable analyst like Lloyd Walmsley from UBS is a strong positive signal for Meta Platforms. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100