JPMorgan Reiterates Overweight Rating, Top Pick on Meta Platforms Inc. (META)

JPMorgan analyst Doug Anmuth reiterated an Overweight rating and $270.00 price target on Meta Platforms Inc. (NASDAQ: META).

"Into 1Q, we believe the ad market remained weak through January, but our checks have indicated signs of stabilization & modest improvement into February & March. We also believe select marketers are shifting some spend away from TikTok given ongoing regulatory, data security, & measurement concerns. Overall, we believe trends are somewhat better than when GOOGL/META/PINS/SNAP reported 4Q in late Jan/early Feb, suggesting potential for upside. However, macro concerns remain and we believe overall visibility is limited, though comps do ease more into 2Q. META remains our favorite online ad name, and a top pick overall."

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 $218.86 yesterday.

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