JMP Securities Maintains Market Outperform on Meta Platforms, Raises Price Target to $635
Portfolio Pulse from Benzinga Newsdesk
JMP Securities has maintained a Market Outperform rating on Meta Platforms and raised its price target from $550 to $635, indicating confidence in the company's future performance.
September 26, 2024 | 11:12 am
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JMP Securities has increased its price target for Meta Platforms from $550 to $635 while maintaining a Market Outperform rating, suggesting strong confidence in the company's growth prospects.
The increase in price target from $550 to $635 by JMP Securities reflects a positive outlook on Meta's future performance. Maintaining a Market Outperform rating suggests that the analyst expects Meta to perform better than the market average, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100