Meta Platforms price target lowered to $475 from $500 at Redburn Atlantic

Redburn Atlantic lowered the firm’s price target on Meta Platforms to $475 from $500 and keeps a Neutral rating on the shares. Meta delivered a “decent set” of Q1 results and the company laid out a very credible case that its Llama 3 models, Meta AI offerings and distribution advantage leave it very well positioned to capitalize on the artificial intelligence opportunity, the analyst tells investors in a research note.