TD Cowen Maintains Buy on Meta Platforms, Lowers Price Target to $530
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst John Blackledge maintains a Buy rating on Meta Platforms (NASDAQ:META) but lowers the price target from $590 to $530.

April 25, 2024 | 5:44 pm
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TD Cowen maintains a Buy rating on Meta Platforms but lowers the price target from $590 to $530.
While the maintenance of a Buy rating suggests continued confidence in Meta Platforms' long-term prospects, the reduction in the price target could reflect adjustments in valuation metrics or near-term challenges. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook is likely to support the stock's performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100