RBC Capital Maintains Outperform on Meta Platforms, Lowers Price Target to $570
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson maintains an Outperform rating on Meta Platforms (NASDAQ:META) but lowers the price target from $600 to $570.

April 25, 2024 | 4:27 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on Meta Platforms but lowers the price target from $600 to $570.
The adjustment in price target by RBC Capital, while maintaining an Outperform rating, suggests a continued positive outlook on Meta Platforms but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the revised target amidst ongoing bullish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100