Analyst issues new Meta stock price target after ‘deeply undervalued' call

Truist Securities reaffirmed its ‘Buy’ rating on Meta Platforms and kept its $840 price target. The note provides a fresh positive Wall Street signal, but without new operational or earnings data, it’s likely to be a modest driver of near-term sentiment rather than a major re-rating catalyst.

Analysis

Truist Securities reaffirmed its ‘Buy’ rating on Meta Platforms and kept its $840 price target. The note provides a fresh positive Wall Street signal, but without new operational or earnings data, it’s likely to be a modest driver of near-term sentiment rather than a major re-rating catalyst.