Keybanc Maintains Overweight on Meta Platforms, Lowers Price Target to $555
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Justin Patterson maintains an Overweight rating on Meta Platforms (NASDAQ:META) but lowers the price target from $575 to $555.

April 22, 2024 | 11:39 am
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NEUTRAL IMPACT
Keybanc maintains an Overweight rating on Meta Platforms but lowers the price target from $575 to $555.
While the reduction in the price target from $575 to $555 by Keybanc could suggest a slightly less optimistic outlook on Meta Platforms' short-term price potential, the maintenance of an Overweight rating indicates continued confidence in the company's fundamentals and long-term growth prospects. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the analyst's ongoing bullish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100