Meta has had a breakout year in 2023 — and Wall Street analysts think the stock has even further room to grow after company's latest quarterly report.
The new target price implies more than 25% upside from Wednesday's close.
Bank of America analyst Justin Post also increased his price target on Meta shares to $375 from $350.
META YTD mountain Meta shares in 2023 Meanwhile, UBS hiked its price target to $400 from $335, implying 34% further upside.
He reiterated his overweight rating while lifting his price target to $425 from $300, one of the highest on the Street.
Persons:
Meta, Morgan Stanley, Brian Novak, Novak, Justin Post, Goldman Sachs, Eric Sheridan, Sheridan, Wells, Ken Gawrelski, Gawrelski, Stephen Ju, Ju, UBS's Lloyd Walmsley, Walmsley, Doug Anmuth, — CNBC's Michael Bloom
Organizations:
Wall Street, Meta, Bank of America, Citi, Reality Labs, UBS, Credit Suisse
Locations:
opex