Wells Fargo lowered the firm’s price target on Meta Platforms (META) to $641 from $652 and keeps an Overweight rating on the shares. The firm has increased conviction in its above-consensus 2025 revenue growth estimate following the solid Q3 print and strong guidance, the analyst tells investors in a research note. Management’s posture suggests a team willing and able to play offense, the firm adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Cathie Wood’s ARK Investment buys 34.1K shares of Meta Platforms today
- Meta Platforms CLO Newstead sells 905 class A shares
- META, MSFT, and SMCI Sink the Nasdaq amid Tech Selloff
- Microsoft reports Q1 beat, Comcast weighs cable networks spinoff: Morning Buzz
- Meta Platforms price target lowered to $583 from $585 at Scotiabank