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Meta Platforms Is Maintained at Outperform by Oppenheimer
Meta Platforms Is Maintained at Outperform by
"Seven tech giants" market cap evaporated 1.1 trillion dollars in five days! Is a big rotation happening in U.S. stocks?
Although there was a sharp drop in US stocks on Wednesday, due to the sudden factor of Trump's speech severely impacting chip stocks, everyone can't help but ask: Has the big rotation in US stocks already begun? Have the leading tech giants of the past two years peaked?
Big clean-up! Zuckerberg's metaverse dream shattered, Meta's "Real-World Laboratory" faces brutal reality.
Meta is cutting spending on its VR, AR, and metaverse division, Reality Labs; Within about a year, Reality Labs has undergone several rounds of layoffs and restructuring, most of which are aimed at senior management cleansing.
Meta Platforms Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/19/2024 10.52% Oppenheimer $500 → $525 Maintains Outperform 07/16/2024 30.52% Wolfe Research → $620
Oppenheimer Adjusts Price Target on Meta Platforms to $525 From $500, Maintains Outperform Rating
Meta Platforms (META) has an average outperform rating and a price target range of $360 to $634, according to analysts polled by Capital IQ.Price: 479.40, Change: +3.55, Percent Change: +0.75
Meta's billion-dollar gamble on investing in Ray-Ban, coupled with layoffs and restructuring in the 'real-world lab', where will the future lead?
Is it a shattered dream or a Phoenix rebirth?