Bank of America Lowers Meta Platforms Price Target to $820 Amid Continued Bullish Stance
Bank of America has lowered its price target for Meta Platforms (META) to $820 from $885, maintaining a Buy rating. The adjustment reflects a valuation recalibration rather than concerns over fundamentals, as Meta's advertising revenue remains resilient with no significant pullbacks in ad spending. BofA forecasts higher-than-consensus Q1 revenue and earnings for Meta.
Topics: Advertising Resilience Bank of America Earnings Forecast Meta Platforms Price Target