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Meta Platforms (FB) Gets a Buy Rating from JMP Securities

JMP Securities analyst Andrew Boone maintained a Buy rating on Meta Platforms (FBResearch Report) on May 9 and set a price target of $265.00. The company’s shares closed last Monday at $200.04, close to its 52-week low of $169.00.

According to TipRanks.com, Boone is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -21.8% and a 20.3% success rate. Boone covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class A, and Fiverr International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Meta Platforms with a $281.27 average price target, implying a 42.7% upside from current levels. In a report issued on April 24, Mizuho Securities also reiterated a Buy rating on the stock with a $325.00 price target.

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Meta Platforms’ market cap is currently $537.6B and has a P/E ratio of 15.13.

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Social networking company Facebook, Inc. develops applications that enable people to connect through mobile devices, personal computers, and other devices. The firm’s products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. Its revenue comes primarily from advertising. The company was founded by Mark Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park+D9, CA.

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