Meta Platforms (FB) Receives a Hold from HSBC

In a report released yesterday, Nicolas Cote Colisson from HSBC maintained a Hold rating on Meta Platforms (FBResearch Report), with a price target of $200.00. The company’s shares closed last Thursday at $193.32, close to its 52-week low of $169.00.

According to TipRanks.com, Colisson is ranked #6034 out of 7861 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Meta Platforms with a $281.27 average price target, a 50.4% upside from current levels. In a report issued on April 28, BMO Capital also maintained a Hold rating on the stock with a $222.00 price target.

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Meta Platforms’ market cap is currently $510.8B and has a P/E ratio of 14.27.

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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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