Meta Platforms shares are trading higher after Jefferies maintained a Buy rating on the stock and raised its price target from $550 to $585.
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms' stock price increased following Jefferies' decision to maintain a Buy rating and raise its price target from $550 to $585.
April 04, 2024 | 6:58 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Jefferies maintained a Buy rating on Meta Platforms and increased the price target from $550 to $585, leading to a rise in the stock price.
The increase in Meta Platforms' stock price is directly attributed to Jefferies' positive outlook, as reflected by the maintained Buy rating and raised price target. This endorsement from a reputable financial services firm likely boosts investor confidence in META, leading to a short-term positive impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100