JP Morgan Maintains Overweight on Meta Platforms, Raises Price Target to $660
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Doug Anmuth maintains an Overweight rating on Meta Platforms and raises the price target from $640 to $660.
October 31, 2024 | 2:45 pm
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POSITIVE IMPACT
JP Morgan has reaffirmed its Overweight rating on Meta Platforms and increased the price target from $640 to $660, indicating confidence in the company's future performance.
The increase in price target from $640 to $660 by JP Morgan suggests a positive outlook on Meta's future performance. The Overweight rating indicates that the analyst expects the stock to outperform the average total return of stocks in the analyst's coverage universe. This is likely to have a positive impact on the stock price in the short term as investors may view this as a strong endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100