HSBC analyst Nicolas Cote-Colisson downgraded Meta Platforms to Reduce from Hold with an unchanged price target of $110. The company’s Q4 results showed higher engagement, but revenue was still down, the analyst tells investors in a research note. The firm says headwinds for the company include the macro environment, competition and regulation versus one "longer-term tailwind that is Meta’s lead in Metaverse." The recent share rally leads HSBC to downgrade the shares to Reduce.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on META:
- FTC denies Meta request to bar Khan from antitrust case, Bloomberg says
- Earnings season driving record option volume
- Analysts Praise META Results – Stock is Up 20%
- Meta Platforms price target raised to $200 from $125 at Deutsche Bank
- Meta Platforms price target raised to $225 from $160 at RBC Capital