Jefferies Reaffirms Buy Rating on Meta Platforms (META)

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On April 5, 2023, Jefferies maintained a Buy recommendation for Meta Platforms, projecting an average one-year price target of $226.04, indicating a potential 5.27% increase from its most recent closing price of $214.72. The price targets range from a low of $80.80 to a high of $320.25.

The projected annual revenue for Meta Platforms is $124,043 million, reflecting a growth of 6.38%. Additionally, the projected non-GAAP EPS is $8.01.

As of the last quarter, 4,461 funds reported positions in Meta Platforms, a decrease of 3.30%, with total institutional shares down 1.17% to 1,877,707K shares. The average portfolio weight for all funds in META is 0.90%, indicating a decrease of 4.49%. The current put/call ratio of 0.64 suggests a bullish sentiment.

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