Meta Platforms (FB) Receives a Rating Update from a Top Analyst

In a report released today, Lloyd Walmsley from UBS maintained a Buy rating on Meta Platforms (FBResearch Report), with a price target of $280.00. The company’s shares closed last Thursday at $219.57.

According to TipRanks.com, Walmsley is a top 100 analyst with an average return of 28.0% and a 64.3% success rate. Walmsley covers the Technology sector, focusing on stocks such as Uber Technologies, Alphabet Class A, and Alphabet Class C.

Currently, the analyst consensus on Meta Platforms is a Moderate Buy with an average price target of $325.10, implying a 51.2% upside from current levels. In a report issued on March 11, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $265.00 price target.

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The company has a one-year high of $384.33 and a one-year low of $185.82. Currently, Meta Platforms has an average volume of 35.07M.

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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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