Meta Platforms shares are trading higher after Wells Fargo maintained an Overweight rating on the stock and raised its price target from $536 to $609.
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms' stock price increased following Wells Fargo's decision to maintain an Overweight rating and raise its price target from $536 to $609.
March 18, 2024 | 7:41 pm
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POSITIVE IMPACT
Meta Platforms' shares are expected to experience a positive short-term impact due to Wells Fargo's upgraded price target and continued Overweight rating.
Wells Fargo's decision to raise the price target for Meta Platforms from $536 to $609 while maintaining an Overweight rating is a strong vote of confidence in the company's future performance. This kind of positive analyst action typically leads to increased investor interest and can drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100