Stifel Lowers Meta's Price Target but Maintains 'Buy' Rating
On April 30, Stifel lowered its price target for Meta Platforms (NASDAQ:META) from $805 to $780 while maintaining a Buy rating. The firm noted that despite Q1 GAAP earnings per share exceeding expectations and in-line guidance for the second quarter, daily active users declined due to access issues in Iran and Russia.
Tickers: $META