- RBC Capital analyst Brad Erickson lowered the price target on Meta Platforms Inc FB to $400 from $415 but reiterated an Outperform rating on the shares. The price target implies an upside of 32%.
- The analyst says the data with 26 agency and ad network channel contacts related to overall spending trends are "mixed."
- Erickson adds that while Meta is "winning the Apple Inc AAPL signal loss battle" relative to other social peers, it may also be more exposed to Tiktok risk than investors may realize.
- Price Action: FB shares traded higher by 0.65% at $302.10 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
