UBS Maintains Buy on Meta Platforms, Lowers Price Target to $575
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Stephen Ju maintains a Buy rating on Meta Platforms (NASDAQ:META) but lowers the price target from $610 to $575.

April 25, 2024 | 2:38 pm
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UBS maintains a Buy rating on Meta Platforms but lowers the price target from $610 to $575.
The adjustment in price target by UBS reflects a nuanced view on Meta Platforms' valuation, suggesting a positive outlook albeit with a slightly reduced growth expectation. This could lead to mixed reactions in the short term, as investors weigh the continued endorsement against the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100