Wells Fargo Maintains Overweight on Meta Platforms, Raises Price Target to $652
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has maintained its Overweight rating on Meta Platforms and raised the price target from $647 to $652, indicating confidence in the company's future performance.
October 02, 2024 | 2:32 pm
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Wells Fargo has increased its price target for Meta Platforms from $647 to $652 while maintaining an Overweight rating, suggesting a positive outlook for the company's stock.
The increase in price target by Wells Fargo reflects a positive sentiment towards Meta Platforms' future performance. The Overweight rating suggests that the analyst expects the stock to outperform the market, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100