Meta Platforms Inc. (NASDAQ:META) shares are moving lower Tuesday, despite positive analyst coverage. Here’s what you need to know.
What To Know: Wolfe Research initiated coverage on Meta Tuesday with an Outperform rating and price target of $620, representing potential upside of about 24% from current share prices.
In a new note to clients, analyst Shweta Khajuria highlighted Meta’s position as a leading social media platform, benefiting from scale, healthy top-line growth and a must-have ad platform for digital advertisers.
Khajuria noted that Meta could potentially benefit from ongoing AI-led product development, driving user engagement and ...