BofA Trims Meta Platforms Price Target to $820 but Stays Bullish: Is Ad Spending Holding Up Better Than Feared?

Bank of America cut its price target on Meta Platforms to $820 from $885, a $65 reduction, while keeping a Buy rating intact. The move signals a more cautious valuation view but does not change the firm's positive long-term stance on META. This is likely modestly relevant to the stock rather than a broad market catalyst.

Analysis

Bank of America cut its price target on Meta Platforms to $820 from $885, a $65 reduction, while keeping a Buy rating intact. The move signals a more cautious valuation view but does not change the firm's positive long-term stance on META. This is likely modestly relevant to the stock rather than a broad market catalyst.