Citigroup Maintains Buy on Meta Platforms, Lowers Price Target to $550
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey maintains a Buy rating on Meta Platforms (NASDAQ:META) but lowers the price target from $590 to $550.
April 25, 2024 | 10:13 pm
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Citigroup maintains a Buy rating on Meta Platforms but lowers the price target from $590 to $550.
The adjustment in price target by Citigroup reflects a revised valuation outlook for Meta Platforms, though the Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to short-term market uncertainty for META's stock, but the maintained Buy rating suggests underlying strength.
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IMPORTANCE 75
RELEVANCE 100