Citi Sticks to Its Buy Rating for Meta Platforms (META)
In a report released today, Ronald Josey from Citi reiterated a Buy rating on Meta Platforms (META – Research Report), with a price target of $690.00. The company's shares opened today at $687.95.
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According to TipRanks, Josey is a top 100 analyst with an average return of 25.5% and a 62.53% success rate. Josey covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Pinterest.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Meta Platforms with a $699.81 average price target, which is a 1.72% upside from current levels. In a report released on June 11, Bank of America Securities also reiterated a Buy rating on the stock with a $765.00 price target.
META market cap is currently $1745.2B and has a P/E ratio of 27.08.
Based on the recent corporate insider activity of 297 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of META in relation to earlier this year. Last month, Andrew Bosworth, the CTO of META bought 10,199.00 shares for a total of $6,566,932.12.
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