Barclays Maintains Overweight on Meta Platforms, Lowers Price Target to $520
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ross Sandler maintains an Overweight rating on Meta Platforms (NASDAQ:META) but lowers the price target from $550 to $520.

April 25, 2024 | 6:24 pm
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Barclays maintains an Overweight rating on Meta Platforms but lowers the price target from $550 to $520.
The adjustment in price target by Barclays reflects a nuanced view on Meta Platforms' valuation, suggesting a slightly less optimistic outlook than before. However, maintaining an Overweight rating indicates a continued positive view on the stock's potential. This mixed signal could lead to short-term market uncertainty for META, with investors weighing the reduced price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100