UBS Maintains Buy on Meta Platforms, Raises Price Target to $610
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Lloyd Walmsley maintains a Buy rating on Meta Platforms (NASDAQ:META) and raises the price target from $530 to $610.
April 16, 2024 | 12:52 pm
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POSITIVE IMPACT
UBS maintains a Buy rating on Meta Platforms and raises the price target from $530 to $610.
The upgrade in the price target by a reputable analyst like Lloyd Walmsley from UBS is a strong positive signal for Meta Platforms. Such endorsements often lead to increased investor confidence and can drive the stock price up in the short term. The significant raise from $530 to $610 indicates a bullish outlook on the company's future performance and growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100