Deutsche Bank Maintains Buy on Meta Platforms, Lowers Price Target to $500
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Benjamin Black maintains a Buy rating on Meta Platforms (NASDAQ:META) but lowers the price target from $540 to $500.

April 25, 2024 | 4:57 pm
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NEUTRAL IMPACT
Deutsche Bank maintains a Buy rating on Meta Platforms but lowers the price target from $540 to $500.
The adjustment in price target by Deutsche Bank, while maintaining a Buy 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 new price target against the backdrop of a sustained buy recommendation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100