What's Going On With Meta Shares Thursday?
Portfolio Pulse from Vaishali Prayag
Meta Platforms Inc. (NASDAQ:META) shares are in focus due to a price target upgrade from KeyBanc and reports suggesting a potential U.S. ban on TikTok. KeyBanc raised its price target for Meta from $475 to $540, while other analysts also adjusted their targets. A TikTok ban could benefit Meta's competing products like Instagram Reels and Facebook.
June 20, 2024 | 7:14 pm
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Meta Platforms Inc. (NASDAQ:META) received a price target upgrade from KeyBanc, raising it from $475 to $540. Additionally, reports of a potential U.S. ban on TikTok could benefit Meta's competing products like Instagram Reels and Facebook.
The price target upgrade from KeyBanc and the potential U.S. ban on TikTok are both positive developments for Meta. The upgrade reflects increased analyst confidence, while the TikTok ban could drive more users to Meta's platforms.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100