Meta Platforms (FB) Initiated with a Buy at Deutsche Bank

Meta Platforms (FBResearch Report) received a Buy rating and a $265.00 price target from Deutsche Bank analyst Benjamin Black CFA on March 11. The company’s shares closed last Friday at $187.61, close to its 52-week low of $186.11.

According to TipRanks.com, CFA is a 2-star analyst with an average return of 0.0% and a 50.0% success rate. CFA covers the Technology sector, focusing on stocks such as Uber Technologies, Alphabet Class C, and Match Group.

Currently, the analyst consensus on Meta Platforms is a Moderate Buy with an average price target of $326.56, implying a 69.5% upside from current levels. In a report issued on March 2, Morgan Stanley also reiterated a Buy rating on the stock with a $325.00 price target.

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Meta Platforms’ market cap is currently $510.7B and has a P/E ratio of 13.60.

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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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