Dow sheds nearly 500 points as yields jump. S&P, Nasdaq also tumble.
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Meta Platforms (META) price target cut at JPMorgan, but analyst remains positive
October 4, 2023 9:41 AM EDTThe Meta Platforms (NASDAQ: META) price target at JPMorgan was cut to $400 from $425 on Wednesday, with analyst Doug Anmuth maintaining an Overweight rating on the stock.
Anmuth said in a note to clients that the firm remains positive on Meta shares but is lowering our 2024 and 2025 EPS estimates primarily to account for greater increases in expenses.
"The biggest change... More
