Goldman Sachs Maintains Buy on Meta Platforms, Lowers Price Target to $500
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan maintains a Buy rating on Meta Platforms (NASDAQ:META) but lowers the price target from $555 to $500.

April 25, 2024 | 9:25 am
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Goldman Sachs maintains a Buy rating on Meta Platforms but lowers the price target from $555 to $500.
The adjustment in price target by a prominent analyst like Goldman Sachs can influence investor sentiment and market perception of Meta Platforms. However, the maintenance of a Buy rating indicates a continued positive outlook on the company, which could balance the impact of the lowered price target on the stock's short-term performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100