Wells Fargo Maintains Overweight on Meta Platforms, Raises Price Target to $609
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ken Gawrelski maintains an Overweight rating on Meta Platforms (NASDAQ:META) and raises the price target from $536 to $609.
March 18, 2024 | 2:27 pm
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Wells Fargo raises Meta Platforms' price target from $536 to $609, maintaining an Overweight rating.
The increase in price target by a reputable analyst like Ken Gawrelski from Wells Fargo is a strong positive signal for Meta Platforms. It suggests confidence in the company's future performance and growth potential, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100