DA Davidson Reiterates Buy Rating on Meta Platforms Inc. (META)

DA Davidson analyst Gil Luria reiterated a Buy rating and $650.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst commented, "We believe recent negative developments have appropriately driven META shares down, and that for shares to recover management will need to react quickly on expenses and capex. We see the slowdown in the economy dragging down digital ad growth and are concerned by Llama falling behind the open source AI competition."

For an analyst ratings summary and ratings history on Meta Platforms Inc. click here. For more ratings news on Meta Platforms Inc. click here.

Shares of Meta Platforms Inc. closed at $500.28 yesterday.

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