Guggenheim lowered the firm’s price target on Meta Platforms (META) to $800 from $875 and keeps a Buy rating on the shares. The firm’s lowered target reflects its assumption of higher investment levels on “relatively unproven projects,” but the 2026 outlook for Meta operating trends “remains constructive,” the analyst tells investors.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Google Set to Hear EU Verdict on $32B Wiz Cyber Security Deal By Next Month
- Meta Platforms price target raised to $750 from $720 at Cantor Fitzgerald
- China Reviews Meta’s $2 Billion AI Acquisition, Raising New Investor Risk
- Nvidia Stock Forecast (NVDA) – The Path from $4.6T to a $10T Market Cap by 2030
- Mixed options sentiment in Meta Platforms Inc with shares down 1.39%
