Keybanc Maintains Overweight on Meta Platforms, Raises Price Target to $655
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Justin Patterson maintains an Overweight rating on Meta Platforms and raises the price target from $560 to $655.
October 09, 2024 | 2:35 pm
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Keybanc analyst Justin Patterson has increased the price target for Meta Platforms from $560 to $655 while maintaining an Overweight rating. This suggests a positive outlook on Meta's stock performance.
The increase in price target from $560 to $655 by Keybanc indicates a strong positive sentiment towards Meta's future stock performance. The Overweight rating suggests that the analyst expects Meta to outperform its peers, 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