Jefferies Analyst Debunks Trump's Assertion That Meta's Facebook Is 'Enemy Of The People': 'I'd Be Buying This Stock On This Weakness'
Portfolio Pulse from Benzinga Neuro
Jefferies analyst Brent Thill contradicts Trump's negative view on Meta Platforms Inc (NASDAQ:META), advocating buying the stock amidst its recent drop. Despite Trump's criticism, Thill highlights Facebook's value to small businesses and predicts a 40-50% increase in ad spend. Meta's shares fell over 4% following Trump's comments but are up 37% this year. Thill maintains a buy rating with a 12-month target of $550, a 14% gain.
March 12, 2024 | 8:00 am
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Despite Trump's criticism and a significant share price drop, Jefferies analyst Brent Thill recommends buying Meta Platforms Inc, predicting a strong future for its advertising business.
Thill's analysis and positive outlook, despite recent criticisms and market reactions, suggest a strong belief in Meta's underlying value and growth potential in advertising revenue. The recommendation to buy on weakness, coupled with a significant target price increase, indicates a bullish view on Meta's short-term prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100