JP Morgan Maintains Overweight on Meta Platforms, Raises Price Target to $640
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Doug Anmuth maintains an Overweight rating on Meta Platforms and raises the price target from $610 to $640.
September 26, 2024 | 3:37 pm
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POSITIVE IMPACT
JP Morgan analyst Doug Anmuth has increased the price target for Meta Platforms from $610 to $640 while maintaining an Overweight rating. This suggests confidence in Meta's future performance.
The increase in price target from $610 to $640 by JP Morgan indicates a positive outlook on Meta's future performance. The Overweight rating suggests that the analyst expects Meta to outperform the average market return, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100