JP Morgan Maintains Overweight on Meta Platforms, Raises Price Target to $535
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Doug Anmuth has maintained an Overweight rating on Meta Platforms (NASDAQ:META) and increased the price target from $420 to $535. This adjustment reflects a positive outlook on the company's future performance.
February 02, 2024 | 8:38 pm
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JP Morgan analyst Doug Anmuth maintains an Overweight rating on Meta Platforms and raises the price target from $420 to $535, indicating a positive outlook on the company's future performance.
The increase in the price target from $420 to $535 by a reputable analyst at JP Morgan signifies a strong vote of confidence in Meta Platforms' future performance and growth prospects. This is likely to positively influence investor sentiment and could lead to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100